Shell to slash fuel prices


Posted at Aug 27 2010 06:36 PM | Updated as of Aug 28 2010 02:36 AM

MANILA, Philippines - Oil giant Pilipinas Shell will cut prices of its petroleum products by P0.50 per liter on Saturday.

Shell will roll back prices of its gasoline, diesel and kerosene products effective 12:01 a.m. Saturday.

Company vice president for communications Roberto Kanapi said this is to reflect the decline in international contract prices.

Meanwhile, the LPG Marketers Association may hike liquefied petroleum gas prices by up to P2 per kilogram on Tuesday, August 31. - Report from Alvin Elchico, ABS-CBN News