Oil firms to lower fuel prices this week
An oil company personnel refills a gas station from an oil tanker truck in manila on wednesday,On the first day of Lent, a season of self-sacrifice, oil companies imposed Wednesday a “big” fuelprice hike, with the price adjustment in some products breaching the P1 mark.The oil firms including Shell, Total, Chevron and Petron made their price hikes effective 6:01 a.m.Premium and regular gas had the biggest price hikes, ranging from P1.15 to P1.35 per liter. photo by: jessie laureta
Oil companies will lower their pump prices this week.
Shell and Seaoil said that they will reduce the prices of gasoline by P0.75 per liter and diesel by P0.90 per liter.
The cost of kerosene will go down by P1.05 per liter.
The price adjustments will take effect on May 7, Tuesday.
Last week, prices of fuel also went down — gasoline by P0.25 per liter, diesel by P0.45 per liter and kerosene by P0.90 by liter.