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Oil firms roll back prices Tuesday after 5 consecutive hikes

By , on November 21, 2017


Oil prices climbed over 3-percent on Tuesday after major crude producer Saudi Arabia pledged to cap its exports to help ease the global oversupply. (Pixabay Photo, CC0)
This is the first rollback after five consecutive weeks of price increases. (Pixabay Photo, CC0)

MANILA — Due to price movements in the international petroleum market, consumers can expect a decrease in fuel pump prices on Tuesday.

Beginning at midnight of November 21, SEAOIL and Flying V will implement a PHP0.50 price drop per liter of gasoline, PHP0.15 cut per liter of diesel, and PHP0.35 drop per liter of kerosene.

Shell Pilipinas and PTT Philippines will implement a similar price rollback at 6 a.m. on Tuesday.

This is the first rollback after five consecutive weeks of price increases.

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