Fuel prices down by as much as 75 centavos per liter

How's that for a bit of good news to start your day?
Aug 24, 2010

Oil companies slashed fuel product prices by as much as 75 centavos on Tuesday to reflect the movement of petroleum prices in the world market.

Premium gasoline, diesel and kerosene from Chevron, Shell, Seaoil and Petron are now lower by 75 centavos per liter while regular gasoline from the same firms are now cheaper by 25 centavos a liter.

"Price movements are due to lower MOPS prices," Chevron spokesperson Toby Nebrida said in a text message. MOPS or the Mean of Platts Singapore is a benchmark used by local companies in pricing oil products.

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