Oil firms cut fuel prices

ABS-CBN News

Posted at Mar 16 2015 12:42 PM | Updated as of Mar 17 2015 12:52 AM

MANILA (2nd UPDATE) – Several oil companies announced on Monday that they will be reducing fuel prices on Tuesday, March 17.

Petron Corp. and Flying V said they will cut prices of gasoline by P0.55 per liter; diesel by P0.85/liter; and kerosene by P1.10/liter.

Caltex, Pilipinas Shell, and SEAOIL will reduce prices of gasoline by P0.50/liter; diesel by P0.85/liter; and kerosene by P1.10/liter.

The rollbacks will be effective 12:01 a.m.

Phoenix Petroleum, on the other hand, said only prices of gasoline and diesel will be slashed by P0.50/liter and P0.85/liter, respectively, effective 6 a.m.

PTT Philippines will cut prices of gasoline by P0.55/liter and of diesel by P0.85/liter effective 12:01 a.m. -- Report from Alvin Elchico, ABS-CBN News