(Updated) 6 oil firms to cut gasoline prices Tuesday

Six oil players, including Petron Corporation and Chevron Philippines (formerly Caltex), will cut their gasolines price by P0.50 per liter on Tuesday. Price adjustments for Chevron, Phoenix Petroleum, SeaOil, Eastern Petroleum and Jetti's will take effect at 12: 01 a.m., while Petron will implement the rollback at 6 a.m. The oil companies said the adjustments were made to reflect movements in the international oil market.– Aie Balagtas See/KBK, GMANews.TV