ABS-CBN
March to begin with oil price rollback
Motorists can anticipate a rollback in fuel prices starting March 4, with reductions expected for gasoline, diesel, and kerosene.
Gasoline prices are expected to decrease by P0.90 to P1.10 per liter, diesel by P0.80 to P1.00 per liter, and kerosene by P1.40 to P1.60 per liter.
The rollback is primarily influenced by lowered demand for fuel in South Korea and progress in the Ukraine-Russia ceasefire deal.
This adjustment follows consecutive fuel price hikes in recent weeks.
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Motorists can expect another rollback in petroleum prices in the second week of March.
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Fuel prices are set to decrease starting March 4, with gasoline down by P0.90 per liter, diesel by P0.80 per liter, and kerosene by P1.40 per liter.
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Fuel prices are set to increase for the second consecutive week starting Tuesday, February 25, with gasoline prices rising by P0.70 per liter, diesel by P0.40 per liter, and kerosene by P0.20 per liter.
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