Oil firms bare new price adjustments

Owing to regional oil price movements last week, the country’s oil firms trimmed down their diesel and kerosene prices by P0.50 per liter; while increasing the pump price of gasoline products starting 12:01 a.m. today (January 20).

The new round of adjustment was initiated by Pilipinas Shell Petroleum Corporation and immediately followed by PTT Philippines and Chevron Philippines; while Total Philippines kept pace with the competitors’ price movements at 6:00 a.m. Tuesday.

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