FILE PHOTO: PTT fuel pumps (ENRICO OROLA / Photoville International)
MANILA, Philippines – Posibleng bumaba ang presyo ng diesel at kerosene, samantalang tataas naman ang halaga ng gasolina ngayong linggo.
Sa pagtaya ng oil industry players, maaaring mag-rollback mula P0.25 hanggang P0.40 kada litro ang presyo ng diesel, habang P0.60 hanggang P0.70 ang kada litro ng kerosene.
Samantala, nakaamba namang tumaas ang presyo ng gasolina ng P0.15/L dahil sa pagtaas ng halaga ng imported gasoline sa huling dalawang araw ng trading sa international market. (UNTV News)
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)
Local oil prices will significantly decrease this week.
In an advisory, oil firms said the prices of gasoline will be reduced by P1.75 per liter, diesel by P1.05 and P1.00 for gasoline.
The price rollback will take effect on June 4, Tuesday, but Phoenix Petroleum adjusted their prices around noon on Saturday.
The oil price slash was implemented to reflect the prices in the international world market.
This is the second straight week that oil companies will reduce fuel prices.
Last week, the price of gasoline was slashed by P0.35 per liter, diesel by P0.45 and kerosene by P0.60 a liter.
Local oil firms have announced a rollback in their petroleum products this week.
In separate advisories, Eastern Petroleum, PTT Philippines and Petro Gazz said they will slash the prices per liter of diesel by P0.45, and gasoline by P0.35.
The price adjustment will take effect at 6 a.m. on Tuesday (May 28).
Caltex, SEAOIL Philippines and Pilipinas Shell Petroleum Corp., meanwhile, have announced the same amounts of rollback in gasoline and diesel, adding that the price of kerosene will also be reduced by P0.60 per liter.
Their price cuts will take effect at 12:01 a.m. on Tuesday.
Phoenix Petroleum Philippines Inc. and Unioil Petroleum Philippines Inc. earlier announced similar price slash.
The oil price rollback will be implemented to reflect the prices in the international petroleum market.
Meanwhile, the price of Liquefied Petroleum Gas (LPG) is also seen to go down in June.
As of May 24, the contract price of imported LPG has significantly declined by $110 per metric ton which is equivalent to P6.40 per kilogram or P70.40 per 11-kilogram cylinder tank.
However, this figure may still change depending on the May 31 final contract price.
