Fuel prices to decrease anew by up to P3.05 per liter

Local oil companies will implement significant rollbacks on fuel prices effective Tuesday, October 10.

Gasoline prices will be reduced by P3.05 per liter, diesel by P2.45 per liter, and kerosene by P3 per liter.

These price adjustments are attributed to decreased global demand.

This marks the third consecutive week of price reductions for gasoline and kerosene.

Despite these rollbacks, year-to-date net increases remain at P15.30 per liter for gasoline, P13.80 for diesel, and P8.94 for kerosene.

The Land Transportation Franchising and Regulatory Board recently approved a P1 fare hike for jeepneys, raising minimum fares to P13 for traditional jeepneys and P15 for modern jeepneys.