MANILA (2nd UPDATE) - Several oil firms announced on Monday that they will be slashing fuel prices on Tuesday, March 24.
Shell, Caltex, Flying V, and SEAOIL said they will reduce prices of gasoline by P1.10 per liter; diesel by P0.95/liter; and kerosene by P0.90/liter.
Petron, on the other hand, will cut gasoline prices by P1.10/liter; diesel by P1/liter; and kerosene by P0.90/liter.
Petron said these adjustments reflect movements in the international oil market.
The price movements will be effective 12:01 a.m. -- Report from Alvin Elchico, ABS-CBN News