(Updated) 4 oil firms to reduce pump prices on Tuesday

Four oil firms including Petron Philippines and Chevron (formerly Caltex) will roll back its pump prices on Tuesday. In a text message, Petron media officer Raffy Ledesma said they would decrease their gasoline and kerosene prices by P0.50 per liter and diesel prices by P0.25 per liter. Chevron, Seaoil, and Jetti will implement similar price adjustments, according to a report dzBB radio. Price movements for Chevron, Jetti and SeaOil will take effect at 12:01 a.m, swhile Petron's will be at 6 a.m. Tuesday. Ledesma said the movements were made to reflect the international prices. - Aie Balagtas See, GMANews.TV