Unioil rolls back gasoline, diesel prices

At least one oil firm on Sunday rolled back the prices of its fuel products, to reflect recent price drops in prices of oil in the world market. Effective 6 a.m. Sunday, Unioil rolled back the prices of its gasoline and diesel products, according to a report on dzBB radio. The company rolled back prices of diesel by P1.65 per liter, and gasoline by P1.50 per liter, the report said. Earlier, prices of crude oil dropped by $6 per barrel due to lower demand, the report said. Last week, at least five fuel firms rolled back anew the prices of their products, citing further price decreases of oil in the international market. Rolling back their prices were Eastern Petroleum, Petron, Shell, Total and Phoenix Petroleum. The rollbacks included 70 centavos per liter for premium gas; 90 centavos per liter for regular gas; 60 centavos per liter for diesel; and 50 centavos per liter for kerosene. Phoenix Petroleum rolled back its prices by 70 centavos per liter for regular gas and 60 centavos per liter for diesel. Last May 5, Flying V rolled back the prices of some of its fuel products. — LBG, GMA News