Manila Bulletin
Gasoline, diesel prices down by marginal P0.20/liter
Oil prices are set to decrease on Tuesday, September 26, marking the first rollback in 11 weeks.
Several oil companies including Pilipinas Shell, Seaoil, Petrogazz, Jetti, PTT, Unioil, Phoenix Petroleum, Caltex, and Cleanfuel will implement price reductions.
The rollback amounts vary by company and fuel type, with gasoline seeing a P0.20/L decrease, kerosene a P0.50/L decrease, and diesel a P0.20/L decrease.
This comes after 11 weeks of continuous increases, where diesel prices rose by P17.30/L and kerosene by P15.94/L.
Gasoline prices have also increased by P11.85/L since July.
The Department of Energy previously suggested that pump price hikes might have peaked, indicating a potential balance between supply and demand.
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Filipino consumers will see a rollback in fuel prices starting Tuesday, September 26, ending an 11-week streak of price hikes.
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Fuel retailers will implement a rollback on gasoline and diesel prices by P0.20 per liter each, and kerosene by P0.50 per liter starting Tuesday, September 26.
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Gasoline prices are expected to decrease by P2.00 per liter, while kerosene prices may go down by P0.50 per liter starting Tuesday, October 3.
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Oil companies are set to implement another round of price increases for fuel products on Tuesday, September 19.
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Fuel prices in the Philippines are set to increase again starting Tuesday, September 19, with gasoline prices rising by P2 per liter, diesel by P2.50 per liter, and kerosene by P2 per liter.
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