Petron, Chevron, Eastern roll back pump prices

MANILA, Philippines - Following Pilipinas Shell's announcement that it will slash fuel prices by P0.50 per liter, the remaining two oil giants in the country on Thursday said they will also roll back pump prices by the same amount. In a text message to reporters, Petron Corp. spokesperson Virginia Ruivivar said their rollback for gasoline, diesel, and kerosene will take effect 12:01 a.m. Friday. Meanwhile, Chevron corporate communications manager Antonio Nebrida said in a text message to reporters that the firm will also reduce gasoline, diesel, and kerosene prices starting 12:01 a.m. Friday by P0.50 per liter. Pilipinas Shell spokesman Roberto Kanapi earlier announced the same price rollback for their oil products. The three oil giants previously brought down prices by the same amount last Tuesday. On the other hand, a GMA Flash Report said independent player Eastern Petroleum will also reduce the prices of its gasoline, diesel, and kerosene products by P0.50 per liter starting 6 p.m. Thursday. - Johanna Camille Sisante, GMANews.TV