Oil Prices Still Falling, Rollback as 2015 Enters - Fare Rollback Needed

Oil rollback still isn't over yet. For commuters, fare rollback is needed. It's been a year since oil prices continuously falling. Commuters now appealing for fare rollback in Central Visayas.

After announcing an oil price hike last week, local petroleum players announced yesterday another round of price cuts of 95 centavos per liter for gasoline and 80 cents per liter for diesel effective today.

Petron Corp., the country’s biggest oil refiner, was the first to issue the price cut announcement.

“Petron will implement the following price rollbacks effective 12:01 a.m., Jan. 5: P0.95 per liter for Blaze 100 Euro 4, XCS, Xtra Advance and Super Xtra; P0.80 per liter for Turbo Diesel and Diesel Max, and P1.25 per liter for kerosene. These reflect movements in the international oil market,” Petron said. - philstar January 5, 2014