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Big time oil price rollback set on October 10
Motorists can expect a significant fuel price rollback on October 10, with drops of approximately P3 per liter for gasoline, diesel, and kerosene.
Pilipinas Shell, Seaoil, Caltex, Petro Gazz, Jetti Petroleum, and Cleanfuel have announced price reductions.
Specific rollbacks include P3.05 per liter for gasoline, P3.00 per liter for kerosene, and P2.45 per liter for diesel.
This rollback marks the third consecutive week of price reductions, following ten weeks of increases.
The price cuts are attributed to renewed economic concerns that could lead to decreased demand, despite ongoing supply tightness from Russia and Saudi Arabia.
Authorities recently approved a P1 increase in the minimum jeepney fare.
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