Oil Firms Roll Back Gasoline, Diesel Prices by P1
August 14, 2008 by Tsikot · 2 Comments
Dismissing the possibility of one-time big rollback, oil players have reduced their prices by P1 per liter on all their pump products.
The reduction was higher than anticipated as oil firms were expected to cut prices by only 50 centavos per liter for diesel.
Echoing the view of Energy Secretary Angelo Reyes, oil companies believed that the continuing drop in world oil prices would mean subsequent oil price rollbacks in the domestic front. Read more
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