Petron, Chevron, Seaoil lower gasoline prices

Petron Corp., Chevron Corp., and Seaoil Philippines Inc. said that they reduced the prices of premium gasoline, diesel, and kerosene products by P0.50 per liter starting Monday. The price of regular gasoline would be cut by P0.25 centavos per liter only, the oil firms added in separate text messages to reporters. “This is to reflect the movements in the international oil market," Petron said. According to the oil companies, adjusting prices each week reflects the true value of petroleum products in the local market. — JE/VS, GMANews.TV