Saturday, July 03, 2010

Flying V cuts gasoline, biodiesel prices

MANILA, Philippines - Oil company Flying V on Saturday said it has rolled back its biodiesel and kerosene products by P.75 per kilogram.

Flying V said it also cut the prices of its gasoline products by P.50 per kilogram. The price adjustments took effect at 12:01 a.m. Saturday.

The LPG Marketers' Association on Thursday said the prices of liquefied petroleum gas may go down by around P2 per kilogram this month.

The group already cut prices of LPG by P0.50 per kilogram Thursday dawn. It said another round of price rollback will be implemented in the coming weeks.

The downward adjustment reflects declining prices of the commodity in the world market.

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