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4 oil firms to cut fuel prices Saturday
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(Updated 8:51 p.m.) Major oil firms Pilipinas Shell and Petron will roll back the prices of some of their fuel products on Saturday.
Both oil companies will cut the price of gasoline by P1.70 per liter and of diesel by P0.25 per liter effective 12:01 a.m. Saturday, a GMA News TV Live report said.
Smaller industry players Seaoil and Phoenix also announced rollbacks similar to the price cuts to be implemented by the two major oil firms.
The oil companies cited changes in world oil prices as the reason for the price adjustments.
A "24 Oras" report said this is the 12th time oil companies slashed their prices this year. — Andreo Calonzo/RSJ/KBK, GMA News
Both oil companies will cut the price of gasoline by P1.70 per liter and of diesel by P0.25 per liter effective 12:01 a.m. Saturday, a GMA News TV Live report said.
Smaller industry players Seaoil and Phoenix also announced rollbacks similar to the price cuts to be implemented by the two major oil firms.
The oil companies cited changes in world oil prices as the reason for the price adjustments.
A "24 Oras" report said this is the 12th time oil companies slashed their prices this year. — Andreo Calonzo/RSJ/KBK, GMA News
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