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

'Tis the season to be jolly
Dec 20, 2009

Another round of price rollback on fuel greets motorists ahead of Christmas.

Chevron (formerly Caltex) Philippines, Pilipinas Shell, Seaoil and Phoenix Petroleum announced a 75-centavo a liter price cut on diesel products and 50-centavos a liter off gasoline and kerosene effective 12:01 a.m. on December 22.

Petron Corp. will implement similar price cuts by 6 a.m.

The oil price rollback reflects the reduction of crude oil in the international market, Chevron communications manager Toby Nebrida said.

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