At least two more oil firms are rolling back prices of some of their products to effective Monday, to reflect lower world prices of the commodity.
Shell and Eastern Petroleum are rolling back fuel prices effective 12:01 a.m. Monday, according to GMA television reporter Julius Segovia via his Twitter account.
Eastern Petroleum will roll back prices of its unleaded and Intensity premium gas by 30 centavos per liter, diesel and Euro IV diesel by 65 centavos per liter, kerosene by 60 centavos per liter, and regular gas by 40 centavos per liter.
Shell will similarly roll back prices of unleaded gas by 30 centavos per liter, diesel by 65 centavos per liter, kerosene by 60 centavos per liter, and regular gas by 40 centavos per liter.
On Sunday, Flying V rolled back prices of diesel by 60 centavos per liter, and unleaded and premium gas by 35 centavos per liter, according to a report on "Balitanghali" on Saturday.
Rollbacks in May, particularly for diesel, allowed the Land Transportation Franchising and Regulatory Board to withdraw a 50-centavo provisional fare hike for jeep drivers.
The rollbacks effectively brought down the minimum jeep fare from P8.50 to P8. — LBG, GMA News
source: gmanetwork.com
