Oil companies reduced gasoline and diesel prices effective 6 a.m. today.
Oil companies had uniform price cuts for gasoline and kerosene at P0.40 per liter.
Independent oil companies reduced diesel prices by P0.10 per liter while major player Pilipinas Shell Petroleum Corp. had not implemented any rollback for diesel.
Oil companies that have reduced prices were Pilipinas Shell Petroleum Corp., Cleanfuel, Seaoil, Phoenix Petroleum, and PetroGazz.
The rest of the industry players are anticipated to follow. (Myrna Velasco)