Fuel prices slashed | Inquirer Business

Fuel prices slashed

By: - Reporter / @amyremoINQ
/ 09:46 PM November 05, 2012

INQUIRER FILE PHOTO

MANILA, Philippines–Local oil companies cut fuel prices today to reflect the continuing softening of oil prices in the global market.

Petron Corp. and Chevron Philippines slashed premium gasoline prices by 40 centavos per liter and of kerosene by 20 centavos a liter.

ADVERTISEMENT

Pilipinas Shell Petroleum Corp., Seaoil Philippines and Eastern Petroleum cut their premium gasoline prices by 35 centavos per liter and kerosene by 20 centavos.

FEATURED STORIES

No price adjustments were made for diesel and regular gasoline.

As of Oct. 29, the year-to-date price adjustments resulted in a net increase of 58 centavos a liter for gasoline and a net decrease of 88 centavos a liter for diesel.

According to the Department of Energy, global oil prices last month further declined on reports of abundant supplies and concerns regarding the health of the global economy.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Business, Commodities, Energy, News, oil, Price

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Curated business news

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.