‘Big 3’ to slash diesel, kerosene prices on Tuesday

The three biggest oil firms in the country, Pilipinas Shell, Chevron Philippines and Petron Corp., will roll back their diesel and kerosene prices on Tuesday. In separate text messages, the oil firms said the nationwide prices of their diesel products will be reduced by P0.25 and kerosene by P0.75. Price adjustments will take effect 12:01 a.m. Tuesday, except for Petron's which will take effect 6 a.m. The oil firms attributed the rollback to the downward trend of petroleum prices in the international market. – Aie Balagtas See/JV, GMANews.TV