SeaOil rolls back petroleum products by 12.01 a.m. Sat

February 23, 2013 1:00 am 

MANILA, Feb. 22 — Independent oil player SeaOil announced Friday it will roll back prices of its petroleum products 12.01 a.m. Saturday.

In an advisory Friday evening, SEAOIL — one of the small players in the country, announced a rollback on premium, unleaded and diesel fuel, relatively lower than the previous price adjustments for February.

"SEAOIL will reduce the prices of its premium and unleaded gasolines by P0.40/L and diesel by P0.50/L, effective 12:01AM, 23 Feb 2013," the advisory stated.

The rollback, according to the advisory, aims to "reflect price movements in the international petroleum market."

Last Tuesday oil companies had implemented price hike by more than a peso higher per liter.

The movement is the third for the month of February.

The price surge was made on regular gasoline (P1.15 per liter), premium and unleaded (P.95 per liter), kerosene (P.70 per liter) and diesel (P.65 per liter). (PNA)

HBC/CLTC

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