Various oil firms announce price rollback

Courtesy Reuters
Courtesy Reuters

MANILA, Philippines — Various oil companies announced Monday (February 10) that they will rollback their petroleum prices effective 12:01 a.m. Tuesday (February 11).

Shell, Petron, Seaoil and Phoenix petroleum all said that it would slash their prices in view of the movements in the international petroleum market.

The reduction in prices will be 50 centavos per liter for gasoline, 25 centavos per liter for kerosene, and 20 centavos per liter for diesel.