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Pilipinas Shell follows Petron lead, cuts oil prices anew

By Abigail Kwok
INQUIRER.net
First Posted 08:09:00 05/25/2010

Filed Under: Oil & Gas - Downstream activities

MANILA, Philippines ? Pilipinas Shell also slashed the prices of diesel, gasoline and kerosene Tuesday morning, following the moves of other oil companies.

At 12:01 a.m., Shell reduced the prices by P0.50 per liter, said vice president for communications Roberto Kanapi.

Petron Corp. earlier announced another round of oil price rollback effective Tuesday morning.

In a media advisory, the oil firm said it will cut the prices of diesel, gasoline and kerosene by P0.50 per liter effective 6 a.m. Tuesday.

The rollback brings to P2.75 per liter the total amount decreased for premium gasoline and a total of P2.50 per liter reduced for diesel, kerosene and gasoline over a nine-day period.



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