Manila Bulletin
Diesel prices on rollback by P11.45/liter; gasoline by P5.45 per liter
Motorists will see a rollback in fuel prices starting Tuesday, March 22, with diesel prices cut by P11.45 per liter and gasoline by P5.45 per liter.
Kerosene prices will also be slashed by P8.55 per liter.
Several oil companies including Pilipinas Shell, Seaoil, Chevron, Total, PTT Philippines, Cleanfuel, PetroGazz, and Jetti Petroleum have announced these price adjustments.
Eastern Petroleum Corporation will implement even larger rollbacks, offering P12.50 off per liter for diesel and P6.50 for gasoline.
These price decreases follow an 11-week streak of price hikes, influenced by global benchmark prices and other cost factors such as foreign exchange rate fluctuations and biodiesel mix.
The Department of Energy had previously anticipated rollbacks of P12 for diesel and P6 for gasoline.
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Philippine oil firms implemented a rollback in pump prices of petroleum products starting Tuesday, March 22, 2022, ending 11 consecutive weeks of price hikes.
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Motorists can expect a significant rollback in fuel prices next week, with projected decreases of P11 to P11.70 per liter for diesel, P6 to P6.20 per liter for gasoline, and P8.70 to P8.80 per liter for kerosene.
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Energy Secretary Alfonso Cusi anticipates a significant oil price rollback next Tuesday, March 22, potentially decreasing gasoline prices by over P5 and diesel prices by P12 or more.
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Oil companies will implement significant price hikes starting Tuesday, March 15, with diesel increasing by P13.15 per liter, gasoline by P7.10 per liter, and kerosene by P10.50 per liter.
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Cleanfuel announced a temporary rollback on diesel prices starting March 16, 2022, to provide motorists with a reprieve from consecutive fuel cost increases.
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