Petron, Shell, Seaoil to cut gas prices Tuesday

5:44 pm | Monday, May 21st, 2012

AFP PHOTO

MANILA, Philippines — Oil firms Petron Corp., Pilipinas Shell Petroleum Corp. and Seaoil Philippines, Inc. have announced they will decrease pump prices for certain products starting 12:01 a.m. Tuesday (May 22) to reflect “movements” in the international oil market.

Pump prices at Petron stations will be rolled back for Blaze 100, XCS Plus, Xtra, Pinoy Gasoline, and regular gasoline by P0.65 per liter; kerosene by P0.40 per liter; and Turbo Diesel and DieselMax by P0.30 per liter.

Shell shaved off P0.60 per liter from Shell FuelSave Unleaded, Shell Super Premium, and Vpower gasoline; P0.30 per liter off Shell Diesoline and Vpower Diesel; P0.40 off Kerosene; and P0.65 off regular gasoline.

Meanwhile, Seaoil will reduce the prices of its premium, unleaded, and regular gasoline by P0.65 per liter, diesel by P0.30 per liter, and kerosene by P0.40 per liter.

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Tags: Business , Consumer Issues , Energy , oil and gas , Oil Price Hike , oil price rollback , oil prices , Petroleum industry , Pilipinas Shell , price rollback

http://jaoromero.com/ Jao Romero

still useless. i have resolved that unless the price drops to less than P50 a liter, i’ll just ride the public transportation. independent accounts have them overpricing by as much as P6.

this series of rollbacks has been because they’ve been hurting because demand has really slowed down because of their price gouging. consumers really tightened their belts when oil hit P60. and once consumers realized they can live with just taking public transportation, demand really hasn’t picked back up even when they cut down prices slowly. it’ll take more than just a few cents of rollback to stimulate demand again.

i can live with P40 per liter. but over that, i’ll use public transpo.

http://pulse.yahoo.com/_VJYY3DTJ5H7AFK5IOBPPINESEM Benito Chung

driving SUV round trip to office from home = 100 pesos

using public transport (aircon bus) = 24 pesos

Savings = 76 x 22 days/month = 1,672 pesos!

http://www.facebook.com/people/Andrew-Dela-Cruz/100003052998714 Andrew Dela Cruz

yesterday i was in iloilo. ang price ng premium gasoline 58.50 samantalang dito sa cebu 52.50 lang. ano ba yan? sobrang gahaman mga negosyante sa iloilo? MINIMIZE YOUR GREED!!!!

http://jaoromero.com/ Jao Romero

it’s called greed exactly because it isn’t minimized.

http://www.facebook.com/people/Andrew-Dela-Cruz/100003052998714 Andrew Dela Cruz

oil price rollback should be higher than these figures

Petron, Shell, Seaoil to cut gas prices Tuesday

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