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Big-time rollback in gasoline seen Tuesday; diesel prices up
Gasoline prices will decrease by P2.00 per liter and kerosene by P0.50 per liter starting Tuesday, October 3.
Diesel prices, however, will increase by P0.40 per liter.
This marks the second consecutive week of price reductions for gasoline and kerosene.
The price adjustments follow oil companies' rollbacks last week, which ended a three-month streak of price hikes.
Filipino households and food businesses will see a hike in liquefied petroleum gas (LPG) prices, with an 11-kg tank increasing by P41.25.
The Department of Energy (DOE) attributed the mixed price movements to extended production cuts by major oil producers, elevated interest rates, a stronger US dollar, and the relaxation of Russia's fuel import ban.
As of September 30, the year-to-date net increase for gasoline is P17.30 per liter, for diesel P13.40 per liter, and for kerosene P9.44 per liter.
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Fuel retailers will implement a rollback on gasoline and diesel prices by P0.20 per liter each, and kerosene by P0.50 per liter starting Tuesday, September 26.
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Filipino consumers will see a rollback in fuel prices starting Tuesday, September 26, ending an 11-week streak of price hikes.
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Gasoline prices are expected to decrease by P2.00 per liter, while kerosene prices may go down by P0.50 per liter starting Tuesday, October 3.
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Motorists can expect a significant fuel price rollback on October 10, with drops of approximately P3 per liter for gasoline, diesel, and kerosene.
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Energy Secretary Raphael Lotilla advised the public to manage expectations regarding fuel prices, despite a recent rollback.
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