Chevron (formerly Caltex) Philippines, Pilipinas Shell and Flying V cut diesel and kerosene prices by P1 a liter and gasoline price by 50 centavos a liter, GMANews.TV reported.
Shell also reduced the price of V-Power by 25 centavos.
"The price movement is due to lower MOPS prices," Chevron spokesperson Toby Nebrida said in a text message sent to media. MOPS is the benchmark used by importers of refined oil products.
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