Oil firms cut pump prices of petroleum products effective Tuesday

MANILA--The Department of Energy (DOE) sees a reduction in the pump prices of petroleum products this week.

The Energy Department expects an Php 0.80 per liter cut in gasoline prices; Php0.90 in diesel, and Php 1.10 per liter of kerosene, following the movements of prices of crude oil in the international market last week.

But Sea Oil and Flying V announced Monday that their pump prices for gasoline would be reduced by Php 0.80 per liter, diesel by Php 0.95 per liter and kerosene by Php 1.20 per liter, effective 12:01 a.m. Tuesday, June 13.

Pilipinas Shell Petroleum Corp., Petron Corp., Phoenix Petroleum, Eastern Petroleum,and PTT also announced the same amount of price rollbacks.

Meanwhile, the DOE encourages the public to be vigilant in their rights as consumers and immediately report to the DOE Consumer Welfare Office (Landline - 429 2900 look for Ms Helen Arias) any violation of the law, rules and regulations by petroleum products suppliers (i.e., quality and/or safety issues).

Source: Philippines News Agency