MANILA – Oil firms will cut prices of gasoline by 55 centavos per liter and diesel by 60 centavos per liter effective today.

In separate advisories yesterday, Petron Corp., Pilipinas Shell Petroleum Corp. (PSPC), Phoenix Petroleum Philippines, Seaoil Philippines Inc. (SPI), PTT Philippines and Eastern Petroleum announced a uniformed amount of price reduction of 55 centavos per liter on gasoline.

Petron and Seaoil said they would decrease their prices at 12:01 a.m., while Shell, Phoenix and PTT Philippines will apply the price movements at 6 a.m., today.

PLDT improves telecom services

MANILA – Leading multimedia and telecoms company PLDT recently opened up interconnection links with another telco service provider in the province of Iloilo in the Western Visayas region to allow free local calls between their subscribers, a press release from the firm said.

This interconnection agreement enables PLDT customers to make local calls to Globelines subscribers for free, covering the following municipalities in Iloilo: Ajuy, Alimodian, Banate,Barotac Nuevo, Barotac Viejo, Cabatuan, Calinog, Dingle, Duenas, Dumangas, Estancia, Iloilo, Janiuay, Leganes, Leon, Oton, Passi, Pavia, Pototan, San Miguel, Sara, Tigbauan, and Zaraga, it said.

“With this new interconnection, our subscribers in Iloilo may now call their friends, family members, and business associates, regardless of their telco connection, anytime without having to worry about long distance charges,” PLDT Panay Customer Service Operations Zone Head Rene Lescano said.

DTI: Price tags required

As more shoppers visit malls and supermarkets this holiday season, the Department of Trade and Industry is again notifying business establishments that all consumer products sold in retail to the public must bear an appropriate price tag, label or marking indicating their prices, a DTI press release said yesterday.

DTI also reminds business establishments that non-compliance with the Price Tag Law is liable to legal consequences as inscribed in Republic Act 7394 ( Consumer Act of the Philippines) , it said.

A proper price tag must be clearly written; state the price of the commodity per unit (piece, kilogram, meter, liter, etc.) in Philippine currency, except when a law or regulation allows consumer products to be sold in foreign currency, such as in the case of duty free shops; and must bear no erasures or alterations of any sort except in price reduction sales promotion campaigns, it said.

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