Oil Firms Announces Another Bigtime Rollback in Fuel Prices
Good news for everyone, oil firms impose another bigtime rollback in the pump prices in the Philippines by at least P2 per liter.
Starting Tuesday (November 13, 2018), pump prices will be reduced by at least P2 per liter after announced by the oil companies in the country.
The November 13 pump prices rollback will be the highest oil price reduction imposed by the local oil companies in five consecutive weeks.
The oil firms cut diesel prices by P2 per liter while gasoline prices were reduced by P2.30 per liter.
The local oil companies including Shell, Seaoil, Flying V, Eastern, Caltex, Jetti, PTT Group, Total, and Petrol imposed P2.30/liter rollback in Gasoline prices, P2.00/liter for Diesel, and P1.85/liter of Kerosene.
PetroGazz and Phoenix implement P2.50/liter reduction for Gasoline and P2.00/liter of Diesel.
The strengthening of the Philippines contributes a lot to minimize the oil prices, which is a big relief for the Filipino motorists.
The consecutive rollbacks came after the soaring oil prices over the past few months were linked to the increasing prices of basic commodities.
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