Petron to roll back fuel prices Sunday

Motorists and commuters may get further relief from fuel prices as Petron Corp. implements on Sunday yet another price rollback for some of its products.   In a post on its Twitter account Saturday, Petron said the latest fuel price cuts will take effect at 12:01 a.m. of May 27.   Covered by the price cuts are: - 90 centavos per liter for Pinoy Gasoline and regular - 45 centavos per liter for Blaze 100, XCS Plus, and Xtra - 35 centavos per liter for Turbo Diesel, DieselMax, and kerosene.   "This is to reflect movements in the international oil market," Petron said.   Earlier this week, Petron and several oil firms rolled back the prices of their products, also to reflect the lower prices of fuel in the world market.   Aside from Petron, Shell, Eastern Petroleum and Seaoil had also rolled back prices of their products.   The rollbacks earlier this month, particularly for diesel, allowed the Land Transportation Franchising and Regulatory Board to withdraw a 50-centavo provisional fare hike for jeep drivers.   It effectively brought down the minimum jeep fare from P8.50 to P8. — ELR, GMA News