MANILA  -Big-time rollbacks in the pump prices of petroleum products will greet motorists on Tuesday, Oct. 10, as local oil firms announced cuts by up to P3.05 per liter. In separate advisories, the companies said they would slash the prices of gasoline by P3.05 per liter and diesel by P2.45 per liter. The price of kerosene will likewise decline by P3 per liter. Shell and Seaoil will implement the price adjustments by 6 a.m. on Tuesday. This comes as fears of high interest rates reduced global demand, according to Rodela Romero, assistant director of the Department of Energy (DOE) Oil Industry Management Bureau.

https://business.inquirer.net/425613/oil-firms-roll-back-fuel-prices-by-up-to-p3-05-liter-effective-oct-10

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