Price Rollback Implemented By Oil Companies Nationwide Effective Today (December 12, 2017)
Numerous oil companies implement a nationwide price rollback on gasoline, kerosene, and diesel effective on Tuesday (December 12, 2017).
The oil price rollback was initially implemented by several oil companies such as Flying V around 12:01 am on Tuesday who reduced P0.25 per liter of gasoline, P0.15 per liter of Kerosene, but the price of diesel remains the same.
Gasoline stations including Pilipinas Shell, Phoenix Petroleum Philippines, PTT, Eastern Petroleum, and other oil companies start their price roll back around 6 am this morning.
Oil companies were also expected to announce rollback on the oil prices similar to the reduced price implemented by other oil firms.
The oil price adjustments are due to the changes in the price of petroleum products in the global market.
Last week, it can be remembered that oil companies have implemented a P0.30 per liter of diesel, P9.30 per liter of kerosene, and the price of gasoline remains the same.
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