Shell, Phoenix Petroleum lower diesel, gasoline, kerosene prices

Good news for motorists! Oil firms are lowering pump prices of petroleum products effective Tuesday, May 12, reflecting prices in the world market.

 

In separate text advisories Monday afternoon, Pilipinas Shell Petroleum Corp. and Phoenix Petroleum noted an 85-centavo per liter roll back in pump prices of gasoline, and 55 centavos for both diesel and kerosene.

 

The lower prices takes effect 12:01 a.m. Tuesday, except for Phoenix Petroleum which takes effect 6 a.m.

 

Other oil companies have yet to announce a similar move. – Danessa Rivera/VS, GMA News