Oil firms announce price rollback this week

Fuel companies have announced a price rollback on petroleum products this week, triggered by price movements in the world oil market.

Seaoil will trim its prices on gasoline by 1 peso and 20 centavos per liter, diesel by 75 centavos per liter, and kerosene by 1 peso and 5 centavos per liter.

This price reduction took effect at 6 a.m., Monday.

Shell and Petro Gazz will implement the same price cuts starting Tuesday.

Other fuel retailers have yet to announce if they will also implement similar price cuts.