Oil Companies Roll Back Gasoline Prices by 1 Peso

Finally, some relief for motorists.

As more people left their cars at home and took mass transportation, oil companies announced last night a rollback of P1 per liter in gasoline prices effective today.

The announcement of Petron Corp., Pilipinas Shell Petroleum Corp., Chevron Philippines (formerly Caltex), Total Philippines, Unioil Philippines and Flying V is expected to provide a respite to car owners, many of whom have opted to leave their cars at home and take public transport instead because of the high fuel cost. Read more

Pilipinas Shell Kicks Off ‘Libreng Sakay’ Project

Pilipinas Shell Petroleum Corp. will kick off today the “Libreng Sakay” project which forms part of the government’s compressed natural gas (CNG) program.

“We have finalized an arrangement that will allow 11 CNG-run buses to start plying the Metro Manila route,” Department of Energy director Mario Marasigan said.

He, however, said there are still minor concerns the bus operators and Shell’s mother-daughter CNG station are currently threshing out.

“They want to ensure the commercial operation will be sustainable,” the DOE official said.

According to Marasigan, a technical working group had met several times to resolve these issues.

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