Oil firms to implement big-time price cut

Manila, Philippines: Oil companies will implement a big-time price rollback this week.

Shell and Seaoil said that they will lower diesel prices by P3 per liter and gasoline by P0.70 per liter on Tuesday, November 14, 2023.

The cost of kerosene will be cut by P2.70 per liter.

Industry sources attributed the lower prices to easing oil demand in the US and China.

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Mike Ibanoz

Mike Ibanoz is an Emmy Award-winning journalist who has spent the better part of two decades covering gadgets and apps, and helping people make smarter tech decisions.

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