(Eagle News) — Big oil companies implemented price rollback on their petroleum products for the third consecutive week because of the continuing decrease in the world oil prices.
Phoenix Petroleum was the first to implement the price rollback on Saturday slashing Php 1.65 for every liter of gasoline, and by Php 0.60 for every liter of Diesel.
Petro Gazz and Seaoil implemented the same price rollback on Monday at 12:01 AM.
Flying V and Petron also slashed its prices by Php 1.50 per liter of gasoline and Php 0.60 of Diesel per liter. Keroses prices were also reduced by Php 0.65 of per liter.
Because of the rollback, the decrease on the price of gasoline for the past three weeks totaled to P4.45, while in diesel, the over-all price rollback amounted to P2.10 in Diesel.
The price adjustment was due to the movement of oil prices in the world market.
