Metro Manila (CNN Philippines, March 1) — Three oil companies will make substantial reductions in prices of their fuel products next week in step with the adjustments in the international market.
Petron and Flying V will cut the rates of their gasoline and diesel or biodiesel by ₱4 per liter and kerosene will be cheaper by ₱4.50 per liter on March 17 at 6 a.m.
Price declines in world oil market triggered this drop in local pump prices.
On Friday, Phoenix Petroleum Philippines decreased the prices of their gasoline and diesel by ₱3 per liter.
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