Inquirer
Fuel prices cut by 20 to 50 centavos per liter
Filipino consumers will see a rollback in fuel prices starting Tuesday, September 26, ending an 11-week streak of price hikes.
The price reduction for gasoline and diesel will be 20 centavos per liter, while kerosene will decrease by 50 centavos per liter.
This rollback comes after consecutive weeks of increases, partly influenced by production cuts from the Organization of the Petroleum Exporting Countries (OPEC).
The Department of Energy (DOE) had previously warned of continuous price increases until year-end due to these production cuts.
Despite the upcoming rollback, significant net increases for gasoline, diesel, and kerosene have been observed year-to-date.
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Gasoline prices will decrease by P2.00 per liter and kerosene by P0.50 per liter starting Tuesday, October 3.
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Oil prices are set to decrease on Tuesday, September 26, marking the first rollback in 11 weeks.
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Fuel retailers will implement a rollback on gasoline and diesel prices by P0.20 per liter each, and kerosene by P0.50 per liter starting Tuesday, September 26.
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Oil companies are set to implement another round of price increases for fuel products on Tuesday, September 19.
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Fuel prices in the Philippines are set to increase again starting Tuesday, September 19, with gasoline prices rising by P2 per liter, diesel by P2.50 per liter, and kerosene by P2 per liter.
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