{"id":51044,"date":"2015-06-01T22:26:12","date_gmt":"2015-06-01T14:26:12","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=51044"},"modified":"2015-06-01T22:26:12","modified_gmt":"2015-06-01T14:26:12","slug":"oil-firms-cut-pump-prices-of-gasoline-diesel-by-tuesday","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2015\/06\/01\/oil-firms-cut-pump-prices-of-gasoline-diesel-by-tuesday\/","title":{"rendered":"Oil firms cut pump prices of gasoline, diesel by Tuesday"},"content":{"rendered":"
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MANILA\u00a0\u00a0\u2013 Five oil firms will cut pump prices of gasoline by 60 centavos per liter and diesel by 50 centavos per liter effective Tuesday.<\/p>\n

Pilipinas Shell Petroleum Corp. (PSPC), Seaoil Philippines, Inc. (SPI), Petron Corp. and PTT Philippines will implement price cut at 12:01 a.m. on June 2, while Phoenix Petroleum Philippines at 6 a.m.<\/p>\n

Shell, Seaoil and Petron will also rollback kerosene prices by 60 centavos per liter.<\/p>\n

According to the Department of Energy\u2019s (DOE) oil monitor, the current prevailing price of diesel per liter around Metro Manila is Php 31.40, while gasoline per liter costs Php 46.05.<\/p>\n

However, other service stations could offer diesel prices from Php 29.35 to 32.70 per liter, with gasoline also playing between Php 41.85 to 47.20.<\/p>\n

Petron, Seaoil and Phoenix noted the price adjustments reflect price movements in the international markets.<\/p>\n

Last week, the U.S. Energy Information Administration (EIA) reported the U.S. has burned 10 million barrels of oil storage within a month, stressing the supply glut is easing despite on a slow rate.<\/p>\n

It further said the crude output of the U.S. increased by 300,000 barrels per day.<\/p>\n

CitizenWatch Secretary General Wilford Wong also welcomed the rollbacks, pointing out it would result to additional savings that could be allotted for school expenses.<\/p>\n

The consumer group official added the price rollback would push for a more transparent mechanism in determining oil prices in the market.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0\u00a0\u2013 Five oil firms will cut pump prices of gasoline by 60 centavos per liter and diesel by 50 centavos …<\/p>\n","protected":false},"author":44,"featured_media":9997,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1482,95],"tags":[],"class_list":["post-51044","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking","category-news-ph","mauthors-juzel-l-danganan","mauthors-philippines-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/51044","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=51044"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/51044\/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=51044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=51044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=51044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}