Oil firms announce price rollback for fuel products

Oil companies announced a rollback in pump prices effective Tuesday, November 21.

Gasoline prices will decrease by PHP0.75 per liter, and diesel prices by PHP0.65 per liter.

Kerosene prices are set to be slashed by PHP0.60 per liter by Caltex, Seaoil, and Shell.

These price adjustments mark the third consecutive week of decreases for gasoline and the fourth for diesel and kerosene.

The Department of Energy reports current gasoline prices range from PHP57.10 to PHP85.70 per liter, diesel from PHP54.25 to PHP79.85, and kerosene from PHP72 to PHP82.60.

West Texas Intermediate was trading at USD76.45 a barrel while Brent crude stood at USD81.23 per barrel as of writing.

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