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MANILA — Oil companies have announced that fuel prices will decrease on November 19, following several price hikes. The reduction will take effect on Tuesday.
The price changes are as follows:
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SHELL PILIPINAS and SEAOIL (effective at 6 a.m.):
Gasoline: P0.85 per liter decrease
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Kerosene: P0.90 per liter decrease
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Diesel: P0.75 per liter decrease
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PETRO GAZZ (effective at 6 a.m.):
Gasoline: P0.85 per liter decrease
Diesel: P0.75 per liter decrease
CLEAN FUEL (effective at 12:01 a.m.):
Gasoline: P0.85 per liter decrease
Diesel: P0.75 per liter decrease
The price drop follows a weaker demand forecast and disappointing news from China’s economic stimulus plans.
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