Philippine News Agency
Big-time oil price rollback this Holy Week
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.
Kerosene prices will also be reduced by P3.30 per liter by Caltex, Seaoil, and Shell.
The Department of Energy (DOE) attributes the price rollback to global factors, including the trade war between the United States and China.
This trade tension led to a significant drop in global oil price benchmarks, with West Texas Intermediate and Brent crude plunging last week.
The US Energy Information Agency also lowered its demand outlook for oil due to tariff uncertainties, following US President Donald Trump's announcement of worldwide tariffs.
Despite the rollback, year-to-date, gasoline prices have a net increase of P4.55 per liter, diesel P4.45, and kerosene P0.40.
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Motorists can expect a significant rollback in fuel prices for gasoline, diesel, and kerosene this Holy Week, according to the Department of Energy (DOE).
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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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Motorists can expect a price increase this week for gasoline, diesel, and kerosene, following rollbacks earlier this month.
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