Another fuel price rollback likely next week
FILE PHOTO: PTT fuel dispenser | PVI/Mosquiton Isacar
MANILA, Philippines — Another round of fuel price rollback is expected next week.
Oil industry players estimate that the price of gasoline per liter will go down by P1.00 and P0.50 centavos while diesel prices by P0.50 to P0.60 centavos per liter.
The price adjustment reflects the slump in oil trading this week.
This will be the third consecutive week that a rollback was implemented by oil firms. — UNTV News & Rescue
Oil price cut set for Nov. 26
Oil companies are set to implement price cuts on Tuesday (November 26) at 6:00 a.m.
Shell and Petro Gazz will implement P0.20 per liter price cut in gasoline while P0.10 per liter will be cut from diesel. Shell will also have a P0.10 per liter price rollback in kerosene.
Meanwhile, Clean Fuel already implemented their price cuts on Sunday (November 24). Diesel price went down by P0.10 per liter while gasoline price was cut by P0.10 per liter.—AAC (with reports from Grace Casin)
Another oil price rollback set next week
Industry players are set to implement an oil price rollback next week due to the increase of fuel supply in oil exporting countries.
Diesel prices are estimated to drop from P0.85-P1.10 per liter while gasoline prices are estimated to drop from P0.75-P1.00 per liter.
For this year, there has been a net increase of P10.04/L in gasoline, P8.04/L in diesel, and P.4.87/L in kerosene.
There have been 14 oil price rollbacks implemented this year.—AAC (with reports from Mon Jocson)
Oil price rollback looms this week
Oil companies are set to have an oil price rollback this week.
Phoenix Petroleum already implemented an oil price rollback on Sunday (September 29). Their gasoline price went down by P1.55 per liter while diesel was down by P0.50 per liter.
SEAOIL Philippines has also reduced their gasoline price by P1.45/liter, diesel by P0.60/liter, and kerosene by P1.00/liter.
Meanwhile, Petro Gazz and Pilipinas Shell will implement the price rollback on Tuesday (October 1).
Petro Gazz cut prices of gasoline by P1.55/liter and diesel by P 0.50/liter while Pilipinas Shell will cut prices of gasoline by P1.45/liter, diesel by P0.60/liter and kerosene by P1.00/liter.—AAC