Phoenix Petroleum rolls back fuel prices

Independent oil player Phoenix Petroleum Philippines Inc. on Saturday rolled back the prices of its fuel products.

In an advisory, Phoenix Petroleum said it will decrease the prices of gasoline by P1.15 per liter, and diesel by P1.30 per liter.

The adjustments took effect 6:00 a.m. on Saturday, February 17.

The fuel price rollback is to let "the motoring public enjoy the long weekend and for them to further take advantage of Phoenix fuels additized with the new Pulse Technology with advanced cleaning and protection properties for enhanced power and acceleration."

Other firms are yet to announce any price adjustments. —John Ted Cordero/LBG, GMA News