Philstar
Expect P1 per liter fuel price rollback next week
Motorists can expect another rollback in petroleum prices in the second week of March.
Gasoline prices are projected to decrease by P1.40 to P1.70 per liter, while diesel prices could decline by P0.90 to P1.20 per liter.
Kerosene prices are anticipated to drop by P1.50 to P1.70 per liter.
The anticipated rollback is attributed to the buildup of commercial crude oil stockpiles in the US and OPEC+'s plan to increase output in April.
Concerns about US tariffs and potential economic slowdown lowering fuel demand are also contributing factors.
These estimates are based on the four-day trading in the international oil market and will be announced on Monday for implementation on Tuesday.
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Motorists can anticipate a rollback in fuel prices starting March 4, with reductions expected for gasoline, diesel, and kerosene.
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Motorists can expect another round of fuel price rollbacks starting Tuesday, March 11, with significant price reductions for gasoline, diesel, and kerosene.
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Fuel prices are set to decrease starting March 4, with gasoline down by P0.90 per liter, diesel by P0.80 per liter, and kerosene by P1.40 per liter.
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Pump prices are expected to decrease next week, ending a two-week period of increases, due to factors like weak global demand and easing geopolitical tensions.
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