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Oil firms lower pump prices

(UPDATE) OIL companies lowered their pump prices Tuesday due to several global developments related to the oil industry.

Shell, Seaoil, PetroGazz, Caltex Cleanfuel, Jetti Petroleum, Unioil, PTT Philippines, and Flying V cut gasoline prices by P0.85 per liter, and diesel by P0.75 per liter.