ABS-CBN
Big-time fuel price rollback as Holy Week exodus nears
Motorists can expect a significant rollback in fuel prices for gasoline, diesel, and kerosene this Holy Week, according to the Department of Energy (DOE).
Projected price reductions for gasoline are P3.60 to P3.80 per liter, while diesel prices are expected to decrease by P2.90 to P3.10 per liter.
Kerosene prices are also anticipated to drop between P3.30 and P3.50 per liter.
Several global oil market factors contributed to these expected price cuts, including escalating trade tensions between the US and China, which have weighed down the oil market.
Additionally, Saudi Arabia is expected to lower its Official Selling Price for Asia-bound crude, and OPEC+ plans to accelerate its production increase to 411,000 barrels per day in May.
The new prices are expected to take effect on Tuesday, April 15.
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Major oil companies such as Shell Pilipinas, Cleanfuel, Seaoil, and Caltex will implement price rollbacks on gasoline by P3.60 per liter and diesel by P2.90 per liter starting Tuesday, April 15.
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Gasoline and kerosene prices are set to decrease starting April 8, 2025.
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Motorists can expect price reductions on fuel starting Tuesday, April 15, with gasoline prices slashed by as much as P3.60 per liter.
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