By Kris Crismundo
MANILA, (PNA) -– Shell Philippines and Petron Corporation announced a roll back on fuel prices effective Sept 16.
In separate text advisories to the Philippines News Agency Saturday, Shell will cut 80 centavos per liter for diesel, 85 centavos per liter for kerosene, and P1.60 per liter for gas to be implemented 1:00 AM on Monday.
On the other hand, Petron will implement price roll back at 12:01 AM on the same day.
Petron announced 80 centavos per liter price roll back for Turbo Diesel and Diesel Max, 85 centavos per liter for kerosene, and P1.60 per liter price cut for Blaze 100 Euro 4, XCS, Super Xtra and Xtra Advance.
The two big oil companies said fuel price roll back is pushed by movements in the international oil market and stronger peso.
According to Department of Energy (DoE), average price of diesel in Metro Manila the as of September 10 posted at P45.10 per liter while gasoline stood at P53.40 per liter.