OIL companies lowered their pump prices on Tuesday after more than two months of price hikes.

Shell, Seaoil, PetroGazz, CleanFuel, Caltex, Jetti Petroleum, Phoenix Petroleum, Unioil, PTT, and Flying V cut the prices of gasoline and diesel by P0.20 per liter. Shell, SeaOil and Caltex also lowered the cost of kerosene by P0.50 per liter.

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