(Eagle News) — Oil companies on Tuesday, November 20 implemented another round of price roll back on its petroleum products.
Petron, Flying V, Caltex and Shell were the first companies that started the implementation of price rollback. The implementation took effect at 6:00 AM today.
The decrease in the pump prices per liter of gasoline was pegged at Php 1.25, while that of diesel was rolled back by Php 1.10 per liter. Kerosene also had a price adjustment of Php 0.80 less for every liter.
Total and PTT also followed suit later with the same price cuts.
This is the sixth consecutive week that oil companies implemented a price rollback.
The rollback was due to the downward movement of oil prices in the world market.
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