(Update) ‘Big 3’ to slash pump prices Monday

The three largest oil companies in the country will implement a rollback of their pump prices Monday, July 12, 2010. Prices of gasoline, kerosene and diesel will be slashed by P1.50 per liter, according to separate text messages from Pilipinas Shell, Petron Corporation, and Chevron Philippines (formerly Caltex). Chevron and Shell's adjustment will take effect 12:01 a.m. while Petron's will be at 6 a.m. - KBK, GMANews.TV