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 rollback set next week
Oil companies are set to implement an oil price rollback starting next week.
According to industry players, there will be a possible P1.20 per liter rollback in diesel prices while P0.50 per liter rollback in gasoline prices.
The rollback is due to the fuel price movement in the world market.
Meanwhile, on Wednesday (Aug 7) prices of auto LPG also dropped by P1.00 per liter.
—AAC (with reports from Mon Jocson) Oil price hike looms this week
Oil prices are set to increase on Tuesday (July 16) due to a surge in the global fuel prices.
Oil companies including Unioil, Seaoil, and Shell will increase prices in gas by P1.05 per liter, diesel and kerosene by P0.70 per liter.
—AAC Oil firms announce big-time gasoline price slash
Motorists can expect lower prices of gasoline and kerosene this week.
Local oil industry players have announced that the price of gasoline will be reduced by P1.25 per liter while kerosene will be slashed by P0.30 a liter.
Diesel will have no price movement.
The price rollback will take effect on Tuesday (May 14) but some oil companies have opted to implement the price cut early.
The oil price slash was imposed to reflect the prices in the world market.