Roll Back on Oil Price Continues Until 2008 Year Ends

The Energy department on Tuesday said consumers can expect more pump price cuts as the year ends due to the continued softening of world oil prices.

This after independent industry participant Seaoil Philippines, Inc., said it has cut prices by P2 per liter for diesel, and P1 for gasoline and kerosene as of 2 p.m. Tuesday, bringing its diesel price to P35.98/liter, unleaded gasoline to P38.50 and premium gasoline to P40.
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