Shell, Petron to roll back gas prices by P0.30/liter

[silver_corolla]

Get INQ7 breaking news on your Smart mobile phone in the Philippines. Send INQ7 BREAKING to 386.

(UPDATE) SHELL Philippines and Petron Corp. gasoline prices will be rolled back by P0.30 a liter effective Friday, spokespersons for the two oil firms said.

Shell spokesman Roberto Kanapi said in radio and television interviews that the rollback was in addition to discounts already being extended to public transportation firms.

Petron’s Virginia Ruivivar said they would match Shell’s price roll back on gasoline prices.

Jorge Marco, spokesperson of Caltex, said the company would likely follow suit.

Raul Concepcion, chairman of the Consumer and Oil Price Watch, said Thursday that the price roll back should have been at least 50 centavos for both gasoline and diesel products.

Kanapi cited lowered prices for Dubai crude as the reason for the roll back.

World crude oil prices plummeted Wednesday on news of a surprise gain in US commercial petroleum inventories in the early days of the northern hemisphere winter, Agence France-Presse reported.

[av8or5]

Gas dealers are fast at increasing prices, but totally terrible at lowering prices. The government should do something about this. Do you guys ever wonder why this happens? It's so sad. Even the consumer and price watch can't do anything.

[cowboytuna]

^i agree with u... pati sana mas malaki sa .30 ang ibaba nila kc bitin un since nasa .50 na ata un tinaas nila for the past couple of months.

[ssaloon]

they are rolling back prices kasi crude sila mag import, kaya they can afford to do that. plus, i think they already hit their targets for the year. kaya papapogi nalang sila sa roll back

[van_wilder]

30 centavos lang? eh ang laki ng tinaas nila dati eh... tapos ano yan utang na loob pa natin?

[jiggs84]

this is great news for the holidays.... no matter what. no matter how much...