Shell to reduce gasoline prices Monday

Pilipinas Shell, one of the three largest oil companies in the country, will adjust the prices of its petroleum products Monday, Nov. 21. Shell media relations manager Mich Cruz said in a text message that they will reduce the prices of unleaded gasoline by P1.20/liter and regular gasoline by P0.80/liter. However, the company will increase the prices of its diesel by P0.45/liter and kerosene by P0.15/liter. "[This is] to reflect the movements in international product prices, trader’s premium and biofuel costs," Cruz said. The price adjustment will take effect starting 12:01 a.m., Monday. - KBK, GMA News