Petrol cheaper as oil price tumbles ?


I was watching TV patrol World last saturday thru internet and I was suprised about the announcement of PIlipinas Shell and Total Philippines  that they raised the prices of its diesel and kerosene by P1.50 pesos despite a sustained droop in international oil prices.


On the other hand, for the third time in eight days, Shell New Zealand  and BP NZ  already drop oil prices for   another 4 cent a  litre  across  all of its  fuels making :



• Ultra 91= $ 206.9
• V-Power = $ 211.9
• Diesel = $183.9

Which means the prices are now 12 cents below record prices reached at the start of July.


Who's telling the truth? As far as I know they based their prices according to the price of crude oil in the world market. Oh well!!


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KIA ORA, I’M MICO SANTOS

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