Inquirer
Fuel price cuts of up to P1.50/liter set this week
Motorists can expect a fuel price rollback this week, with gasoline prices decreasing by P0.40 per liter, diesel by P1.50 per liter, and kerosene by P1.30 per liter.
These price adjustments are influenced by international oil market trading results.
Industry players attribute the potential rollbacks to increases in oil production and uncertainties surrounding tariff policies in major economies.
The Department of Energy previously cited increased OPEC+ production and ongoing uncertainties regarding US tariff policies as potential reasons for a rollback.
Geopolitical risks and developments that raised expectations for a diplomatic end to the war in Ukraine have also contributed to weakening oil prices.
This rollback follows recent price hikes implemented last Tuesday.
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