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Oil price cut

Oil companies will cut gasoline prices by 80 centavos per liter today.

According to separate advisories yesterday, Pilipinas Shell Petroleum Corp. and Phoenix Petroleum Philippines will apply the reduction at 6 a.m.

Flying V will also decrease its gas prices by 90 centavos per liter at 12:01 a.m.

The three oil firms stressed there will be no price movements for diesel. (PNA)