{"id":34318,"date":"2014-12-06T23:08:16","date_gmt":"2014-12-06T15:08:16","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=34318"},"modified":"2014-12-07T01:10:41","modified_gmt":"2014-12-06T17:10:41","slug":"5-oil-companies-start-bigtime-rollback-at-php2-25","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/12\/06\/5-oil-companies-start-bigtime-rollback-at-php2-25\/","title":{"rendered":"5 oil companies start bigtime rollback at Php2.25"},"content":{"rendered":"
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MANILA — Five oil companies will start its bigtime rollback at Php2.25 per liter on Sunday.<\/p>\n

Petron Corporation, Pilipinas Shell Petroleum Corporation (PSPC), PTT Philippines Corporation, Seaoil and Chevron Philippines Inc (CPI) will rollback its gas products by Php2.50 and Php2.25 at 12:01 a.m. on Sunday.<\/p>\n

Seaoil, PSPC and CPI — with its Caltex brands — will reduce their kerosene prices by Php2.25.<\/p>\n

All price movements will take effect at 12:01 a.m. Sunday.<\/p>\n

The plunge is yet another effect of Saudi Arabia defending its market share, not only in America, but also in Asia.<\/p>\n

Saudi Arabian Oil Co. was reported to have given a huge discount to its Asian customers by US$ 2.00 per barrel, which is below the regional benchmark.<\/p>\n

Previously, Energy Department Undersecretary Zenaida Monsada said the oil prices are expected to fall due to Saudi Arabia’s want to maintain a hold of its market share in America.<\/p>\n

She said the increasing production of shale oil of the first world country, is helping to keep prices low.<\/p>\n

Monsada noted the International Energy Agency (IEA) expects America to become the world’s largest oil exporter by 2017.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA — Five oil companies will start its bigtime rollback at Php2.25 per liter on Sunday. Petron Corporation, Pilipinas Shell …<\/p>\n","protected":false},"author":44,"featured_media":9997,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,95],"tags":[],"class_list":["post-34318","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-news-ph","mauthors-philippines-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/34318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=34318"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/34318\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/9997"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=34318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=34318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=34318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}