Oil firms impose hefty price cut

Oil companies imposed a hefty price rollback on Saturday, days after the government announced that it will import 240 million liters of diesel from Russia.

Petron, Pilipinas Shell, PTT Philippines, Seaoil, and Total reduced the prices of diesel and gasoline by 90 centavos per liter and P1.20 per liter, respectively, at 6 a.m.