After six consecutive weeks of price hike, an oil price rollback is expected this week.
According to industry players, diesel prices will have a reduction of P0.10 to P0.20 per liter; while kerosene prices will go down by P0.30 to P0.40 per liter. There will be no price movement for gasoline.
Shell, meanwhile, announced they will implement the price adjustments on Tuesday at 6:00 a.m. It is reducing its kerosene prices by P0.25 centavos per liter and diesel by P0.05 per liter. AAC
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