November 2012 Fuel Price Rollback


It has been reported that Petron and Chevron slashed gasoline (Premium and Unleaded) prices by 40 cents and Shell and other companies dropped gasoline  (Premium and Unleaded) prices by 35 cents effective 12AM this day.

The prices of Regular Gasoline and Diesel are unchanged but the price of kerosene was slashed by 20 cents

By the way, I am actually engaged in the gasoline tingi-tingi business. I bought stocks from the nearest shell station and sold it in tingi-tingi at a price of 1 Peso higher than the price at pump.

Now, with this recent rollback, I was thinking what to do since I still have 200 liters of premium gasoline bought at the previous price. My wife suggested retaining its price up to the last drop of the stock.

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