The country’s oil firms reduced pump prices by as much as P0.60 per liter effective Tuesday to reflect the movement of world oil prices.
This reversed the price increase on June 28 which saw gasoline rising by P0.65 to P0.75 per liter, diesel by P0.40 to P0.45 per liter and kerosene, P0.35 per liter.
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Last June 21, most oil companies cut their fuel prices by P0.65 per liter for gasoline and diesel, and P0.45 per liter for kerosene.