Oil firms cut pump prices of petroleum products

Oil companies will cut pump prices of gasoline by Php 0.90 per liter; diesel by Php 1.05 per liter;and kerosene by Php 0.90 per liter effective Tuesday. (Photo: FolsomNatural/ Flickr)

MANILA—Oil companies will cut pump prices of gasoline by Php 0.90 per liter; diesel by Php 1.05 per liter;and kerosene by Php 0.90 per liter effective Tuesday.

Pilipinas Shell Petroleum Corp.

, Petrom Corp., PTT, SeaOil and Eastern Petroleum, Phoenix, Flying V said the price cut reflected price movements in the international market.

Flying V and SeaOil will implement the price adjustments by 12:01 a.m. Tuesday, while the other companies by 6 a.m. also on Tuesday.