Phoenix rolls back gasoline by P1.30/l

Phoenix Petroleum Philippines beat other oil firms in reducing its gasoline price by P1.30 per liter starting at 12 noon on Saturday, May 11.

Other oil companies, however, are expected to announce their rollback by next week.

Phoenix Petroleum said it decided to roll back the gasoline price as early as Saturday to “provide the motoring public longer period to avail of cheaper fuels.”