Oil companies to stop holiday price increase tomorrow
Oil companies will be ending the string of price increase by the pump tomorrow (December 29, Tuesday).
Based on their respective announcements, Pilipinas Shell, independent oil company Cleanfuel and Petron said that they will conduct oil price rollback on diesel by a meager P0.05 per liter and there would be no movement on the price of gasoline products.
However, kerosene prices, Shell advised, will have a P0.25 per liter decrease.
Other oil firms are expected to implement the same downward adjustment tomorrow.
Prior to the rollback, oil firms already had a total increase of P1.5 on gasoline, P1.85 on diesel and P1.95 kerosene for the month of December alone.
Photos from Cleanfuel
Also read:
Local Oil Chief says Global Oil Price Collapse Good for Import-Dependent PH
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