Thursday, October 16, 2008

After Shell, Petron and Eastern Petroleum implemented a P1 per liter reduction on gas, diesel and kerosene at 6am this morning, two more companies followed with their own rollbacks. Chevron implemented a P1 reduction at 12nn while Flying V rolled back diesel by P3 per liter at 6pm. Read the article here.

Hope the trend continues and, dare we hope, escalates. We doubt if the big three will play with the kids, though.