By Danessa Rivera (The
Philippine Star) | Updated December 8, 2015 - 12:00am
MANILA, Philippines - Motorists will
see lower diesel and kerosene prices as petroleum companies implement
price cuts on these fuel products today.
Pilipinas Shell Petroleum Corp., the
local subsidiary of energy giant Royal Dutch Shell, implemented the price adjustment
6 a.m. today.
“Gas: no change; Kero: -0.70/L;
Diesel: -0.50/L,” the firm said in a text advisory.
Petron Corp., the country’s largest
oil refiner, also implemented a price cut on the same fuel products past
midnight today.
Diesel prices were rolled back by
P0.50 per liter and kerosene prices by P0.70 per liter “to reflect movements in
the international oil market,” Petron said in an advisory.
Seaoil Philippines Inc. also
implemented similar price adjustments on diesel and kerosene products at 6 a.m.
today.
Ahead of other oil firms, Eastern
Petroleum Corp. slashed the price of diesel by P0.50 per liter, respectively,
at 6 p.m. yesterday.
The continuous downward trend in
world oil price has prompted oil companies to adjust pump prices accordingly,
Eastern Petroleum chairman and CEO Fernando Martinez said in a statement.
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