‘Big 3’ oil firms to implement roll back Monday-A A +A
Saturday, September 14, 2013
MANILA -– Shell Philippines, Petron Corporation, and Chevron Philippines Inc. (formerly Caltex) announced a roll back on fuel prices effective September 16, Monday.
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 starting 1 a.m. on Monday.
Petron, on the other hand, will implement price roll back at 12:01 a.m. 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.
Petron and Shell said fuel price roll back is pushed by movements in the international oil market and stronger peso.
Chevron, meanwhile, will be implementing a roll back on oil products effective 12:01 AM of Sept 16.
In an advisory, Chevron will give a roll back on WPP of Gold and Silver by P1.60 per liter, diesel by 80 centavos per liter, and kerosene by 85 centavos per liter.
With the following roll back advisory of Chevron, motorists can expect lower prices of fuel products from the Big Three oil companies next week.
According to Department of Energy (DoE), average price of diesel in Metro Manila as of September 10 posted at P45.10 per liter while gasoline stood at P53.40 per liter. (PNA/Sunnex)