Thursday, September 11, 2008

Shell, Petron, Chevron (Caltex) and UniOil have all announced a P2.00 rollback for fuel prices, effective 12:01am on Friday, September 12. Is this in response to government pressure to explain why fuel prices are not going down at the same rate that they went up in relation to world oil prices? Anyway, read the article from PDI here.

Unfortunately, FEJODAP, or the Federation of Jeepney Operators and Drivers Association of the Philippines, have announced that they will only rollback jeepney fares when diesel prices go back to P37 per liter. With the latest rollback, diesel pump prices would be around P52 per liter.