Phoenix Petroleum reduces price of diesel, increases that of premium gas

PHOTO FROM PHOENIXPHILIPPINES.COM

MANILA, Philippines—Phoenix Petroleum Philippines on Monday announced that it will reduce the price of diesel by 15 centavos per liter but increase the price of premium gasoline by the same amount per liter.

The changes will take effect 6 a.m. of Tuesday, Jan. 8.

The price adjustment is meant “to match the price movements of competitors in the trading areas,” it said in a statement.