By Juzel L. Danganan
MANILA, July 27 (PNA) — Oil firms will likely cut gas and diesel products by 60 centavos per liter on Tuesday.
In an advisory, Petron Corporation, Phoenix Petroleum Philippines, Seaoil Philippines Inc. (SPI), Pilipinas Shell Petroleum Corporation. (PSPC) and PTT Philippines, said they will cut gas and diesel products by 60 centavos per liter Tuesday.
Phoenix Petroleum Philippines and PTT Philippines will reduce prices on July 28 at 6:00 a.m., while the three other companies will lower products on 12:01 a.m.
Meanwhile, Petron Corp., SPI and PSPC added they will slice kerosene products by 45 centavos per liter.
Phoenix noted the rollbacks was due to the continuing downward movement of international market prices. (PNA)