MANILA, (PNA) -– Shell Philippines and Petron Corporation announced a roll back on fuel prices effective Sept 29.
In separate text advisories to the Philippines News Agency Saturday, Shell will cut 50 centavos per liter for diesel and 60 centavos per liter for kerosene effective 1:00 AM on Sunday.
On the other hand, Petron will implement price rollback at 12:01 AM on the same day.
Petron announced 50 centavos per liter price roll back for Turbo Diesel and Diesel Max while another 60 centavos per liter for kerosene.
The two big oil companies said fuel price roll back is pushed by movements in the international oil market and stronger peso.
Meanwhile, Shell and Petron have yet to cut price on gas.According to Department of Energy (DoE), average price of diesel in Metro Manila as of September 23 posted at P43.40 while gas at P52.20.