Philippines: Chevron Petron & Seaoil Reduce Fuel Prices
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Wednesday, 17 February 2010 |
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Three Philippine petroleum companies have announced product price cuts earlier this week.
Independent oil company Seaoil said it would cut kerosene and diesel
prices by P0.50 and P0.25 respectively. The reduction is on top of the
company’s earlier announced rollback of P1.00 per liter on prices of
its fuel products, Seaoil said in a text message. The earlier reduction
covers premium, unleaded, and regular fuel.
Petron will reduce prices of its premium fuel products by P1.00 per
liter. Petron’s regular fuel and kerosene prices will also be cut by
P0.50 per liter, the company said in a separate text message. Costs of
Petron’s diesel will be reduced by P0.25 per liter.
Fuel product prices were reduced to reflect lower international oil prices. Chevron will also offer lower fuel product prices.
Its premium products – Gold, Silver, and Silver E10 – will be sold by
P1.00 lower. Regular fuel and kerosene products will be reduced by
P0.50 and P0.25 centavos per liter, the company said in a separate text
message.
PetrolWorld 150210
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