Wednesday, November 19, 2008

The top 3 oil firms have announced another P1 per liter rollback across all three fuel products effective 12:01am on Thursday. According to Petron spokesperson Virginia Ruivivar, the rollback reflects international oil prices.

Yeah, right! Don't get me wrong 'cos I am thankful and every little bit does help. But, c'mon! Current international oil prices should translate to a lower pump price, comparing it from pre-crisis days.

Update: According to this article from GMANews.TV, 5 oil firms are implementing the rollback. Also, they're using the peso depreciation as an excuse for the not-as-big-as-expected rollback!