OIL COMPANIES are rolling back the prices of petroleum products this week to reflect the movement of rates in the international market. Gasoline will be down by P0.25 per liter (/L), diesel products by P0.20/L, and kerosene by P0.40/L. For most of the companies, the cut in pump prices will take place at 6:00 a.m. today, July 23. “These reflect movements in the international oil market,” Petron Corp. said. Last week, oil companies raised the per liter prices of gasoline, diesel and kerosene products by P1.05, P0.70, and P0.70, respectively. — Victor V. Saulon

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