Oil companies to implement rollback of more than P2 on all pump products

Fuel companies on Monday announced that it will continue its string of price rollbacks — and this time, they will be imposing a cutdown of more than P2 per liter on all products at the pump starting tomorrow.

In their respective advisories, Petron, Pilipinas Shell, Caltex, Cleanfuel, Flying V and Seaoil announced that it will be trimming down P2.40 per liter on gasoline and P2.65 on diesel.

Aside from that, most of the abovementioned oil firms will also be slashing P2.70 per liter on kerosene.

Other players are expected to implement the same movement.

The price reduction is the first adjustment that oil firms will implement for the month of December. In November, oil companies made five straight rollbacks.

Last November, the price of gasoline went down by P1.10 per liter, diesel P0.60 per liter and kerosene by P0.50 per liter.

Photos from Ruben D. Manahan IV

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