Oil firms to slash fuel prices on Tuesday

ABS-CBN News

Posted at Aug 25 2014 03:16 PM | Updated as of Aug 26 2014 04:43 AM

MANILA (UPDATE) – Several oil companies have announced they will slash prices of their fuel products on Tuesday, August 26.

Petron Corp., Pilipinas Shell, and SEAOIL said they are cutting prices of gasoline and diesel by P0.40 per liter, while lowering kerosene prices by P0.50 per liter.

PTT Philippines will also cut prices of its gasoline and diesel by P0.40 per liter.

Eastern Petroleum will roll back prices of gasoline, diesel and kerosene by P0.50 per liter.

Petron Corp., Pilipinas Shell, SEAOIL, PTT Philippines, and Eastern Petroleum will implement the rollback effective 12:01 a.m.

Phoenix Petroleum, on the other hand, will slash prices of gasoline and diesel by P0.40 per liter effective 6 a.m.