Inquirer
Petro Gazz to slash diesel, gasoline prices from March 10-13
Fuel company Petro Gazz announced a price rollback on its diesel and gasoline products effective March 10 to 13 to cushion the impact of expected price hikes next week.
Diesel prices will be reduced by P5.85 per liter and gasoline prices by P3.60 per liter nationwide.
This move by Petro Gazz comes as oil trading data suggests significant price increases for both diesel and gasoline in the coming week.
Industry sources estimate diesel prices could rise by P12.72 per liter and gasoline by P8.28 per liter.
The rollback aims to alleviate the burden on motorists, who have already experienced ten consecutive weeks of price increases since the start of the year.
Most recently, on March 8, oil companies implemented substantial price hikes: P5.85 per liter for diesel, P3.60 per liter for gasoline, and P4.10 per liter for kerosene.
Year-to-date, diesel prices have increased by P11.65 per liter, gasoline by P9.65 per liter, and kerosene by P10.30 per liter.
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News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
Energy Secretary Alfonso Cusi anticipates a significant oil price rollback next Tuesday, March 22, potentially decreasing gasoline prices by over P5 and diesel prices by P12 or more.
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Oil companies will implement significant price hikes starting Tuesday, March 15, with diesel increasing by P13.15 per liter, gasoline by P7.10 per liter, and kerosene by P10.50 per liter.
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Fuel prices saw their biggest hike this year on March 8, with diesel increasing by P5.85 per liter, gasoline by P3.60 per liter, and kerosene by P4.10 per liter.
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Consumers can expect significant pump price increases next week, with diesel possibly rising by P5.40 to P5.50 per liter, gasoline by P3.60 to P3.70 per liter, and kerosene by P3.95 to P4.05 per liter.
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Oil companies in the Philippines announced significant price increases, with diesel jumping by P5.85 per liter and gasoline by P3.60 per liter, effective March 8.
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