INQUIRER.net: Oil firms cut pump prices

INQUIRER.net Philippine News for Filipinos

Oil firms cut pump prices Mar 16th 2013, 00:15 MANILA, Philippines—Local oil companies slashed the prices of petroleum products effective on Saturday to reflect the continued decline of oil prices in the global market.   Pilipinas Shell Petroleum Corp., Petron Corp., Seaoil Philippines, Chevron Philippines and Phoenix Petroleum Philippines cut prices of premium gasoline and kerosene by 45 centavos a liter, and of diesel by 40 centavos a liter.   Prior to this latest price adjustment, diesel prices ranged from P39.20 to P42.14 a liter while gasoline retailed for P49 to P55.29 a liter. As of March 10, the year-to-date net increase in gasoline prices stood at 95 centavos a liter. For diesel, the previous rollback... Keep on reading: Oil firms cut pump prices Media files: Gas-pump.jpg (image/jpeg)

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