Oil firms to cut fuel prices by as much as 75 centavos a liter

Oil companies are slashing as much as 75 centavos off fuel prices starting 10 p.m. Tuesday.

Independent oil player Seaoil Philippines is cutting 75 centavos off each liter of gasoline and kerosene, and 50 centavos off each liter of diesel at 10 p.m.

The move will be followed by Pilipinas Shell at 12:01 a.m. and by Chevron Philippines (formerly Caltex) at 6 a.m.

Other fuel firms have yet to announce plans of rolling back oil prices.