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Pump price rollback set Tuesday
Pump prices of petroleum products will be rolled back on Tuesday, January 28, with gasoline prices decreasing by P0.80 per liter, diesel by P0.20, and kerosene by P0.50.
Seaoil Philippines Corp., Shell Pilipinas Corp., and Cleanfuel (excluding kerosene) are among the companies that have announced these price adjustments.
The rollback, set to take effect at different times on Tuesday, is not enough to offset the increases implemented in the past three weeks.
Last Tuesday, January 21, 2025, retailers had hiked prices by P1.65 per liter for gasoline, P2.70 for diesel, and P2.50 for kerosene.
As of January 21, 2025, these cumulative hikes resulted in year-to-date net increases of P3.45 per liter for gasoline, P5.00 for diesel, and P4.30 for kerosene.
The Department of Energy-Oil Industry Management Bureau (DOE-OIMB) attributes the rollback to the reopening of refineries and ports in the US Gulf Coast and the proposed tariffs by US President Donald Trump.
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Motorists will experience the first fuel price rollback of the year starting Tuesday, January 28, with reductions in gasoline, diesel, and kerosene prices.
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Gasoline prices are projected to increase by P0.60 to P0.80 per liter starting Tuesday, February 4.
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Fuel prices in the Philippines are set for another increase starting Tuesday, January 21, 2025, with gasoline prices rising by P1.65 per liter and diesel by P2.70 per liter.
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