Palace: Oil price cuts to benefit holiday motorists

MALACANANG welcomed the plan of various oil companies to roll back prices of their products on Monday.

Deputy presidential spokesperson Abigail Valte said the oil price cut would be advantageous to motorists especially during the holidays.

“Anything to do with the fact that there will be relief to our people especially those who are driving during the holidays, that would be a welcome development from the Palace,” Valte said Sunday.

Six companies have announced to decrease prices of premium, unleaded and regular gasoline, kerosene and diesel beginning 12:01 a.m., Monday.

Shell, Petron, Phoenix Petroleum and Seaoil will have the same price cuts: P2.15 for premium and unleaded gasoline, P1.70 per liter for regular gasoline, P1.35 per liter for diesel, and P1.35 per liter for kerosene.

Eastern Petroleum, meanwhile, will reduce its prices by P2 for premium gasoline and P1 per liter for regular gasoline, and P1.35 per liter for kerosene and diesel.

Unioil will cut prices of diesel by P1.30 per liter and gas by P2.30 per liter.

Meanwhile, Valte assured that all measures are in place to ensure peaceful observance of All Saint’s Day and All Soul’s Day.

She encouraged motorists to check out newspapers advisories of the Philippine National Police.

Also, Valte said there is no announcement yet if October 31 will be declared a holiday.

President Benigno Aquino III earlier declared November 1 and November 2 as special non-working holidays. (Jill Beltran/Sunnex)