The Daily Tribune
Fuel price rollback welcomes New Year
Motorists can expect a rollback in fuel prices starting New Year's Day, with reductions of P0.30 per liter for gasoline and diesel, and P0.90 per liter for kerosene.
This price adjustment is attributed to the International Energy Agency's forecast of an oversupplied global oil market in 2025, despite OPEC+ maintaining production levels.
This rollback follows price increases implemented by oil companies during the Christmas week, with diesel seeing a P1.45 per liter hike, gasoline P0.50 per liter, and kerosene P0.75 per liter.
This also follows a previous week's increase of P0.80 per liter for diesel and P0.10 per liter for kerosene.
Year-to-date, gasoline prices have increased by a net P13.05 per liter and diesel by P11.30 per liter.
Kerosene, however, has seen a net decrease of P1.80 per liter.
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