Gas Price Rollback Again! Hooray!

More price rollbacks! More FUN! ^_^

Oil giants Shell, PETRON, Chevron, Total and Eastern had their prices rolled back this morning. This new price decrease is a new addition to this month’s expected cheaper prices in Diesel fuel which was just announce over public radio this side of the world.

Eastern Petroleum spearheaded the price decrease which too effect about 6 PM of January 15, 2009 with about 50 cents per liter rollback on all their products. Shell, PETRON and Chevron on the other hand will be doing the same deed come midnight of January 16, 2009 in diesel and kerosene products only. Total will be pushing with their own version tomorrow morning at 6 AM for each liter of Gasoline, Diesel and Kerosene. LPG prices at this hour are still affected by supposed lack of supply or hoarding. This huge controversy was being dealt with even as Energy Czar Angelo Reyes commanded the big corporations to tone down prices on Liquefied Petroleum Gas. I hope everyone’s happy cruising in EDSA!

New Price Rollback for January 2009

Uyyy...Ang sweet! Hahaha!

Good news for everyone! The Department of Energy is expecting a major rollback in prices of diesel and gasoline this January. This has been the expected outcome since the prices of oil has not risen significantly in the last few months of 2008. Prices are still too high as to what is computed as fair in the 3 big oil companies.

Energy Secretary Angelo Reyes formally contradicted newbie local oil player Flying V that there would not be a rollback this month because the trend of oil prices is going up in the world market and they have already given the discounts as early as December of last year. They are also warning the public that the oil prices will continue to gain momentum and raise a few dollars more in the coming months. Reyes defended this stand stating that the prices of crude oil in the US was higher even in November which justifies the expected rollback for this month. If it's not given what's due, then an investigation will push through for these private companies he stated.

I just hope he does what he says. ^_^