锘� Fuel price rollback expected next week

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Fuel price rollback expected next week

Philippine Daily Inquirer / 05:10 AM July 28, 2024

Fuel price rollback expected next week

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MANILA, Philippines — Oil companies are expected to roll back fuel prices next week.

Based on Unioil’s advisory over the weekend, the per-liter prices of diesel may drop by 50 centavos to 70 centavos. Gasoline prices are also expected to dip by 40 centavos to 60 centavos per liter.

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Rodela Romero, director of the Department of Energy’s Oil Industry Management Bureau, said gasoline prices may see a rollback of 70 centavos to 95 centavos a liter.

Meanwhile, the drop in the per-liter prices of diesel and kerosene may range from 70 centavos to 95 centavos, and 80 centavos to 90 centavos, respectively.

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The official added that a 15-day price freeze for kerosene and 11-kilogram and below liquefied petroleum gas has been imposed following the declaration of a state of calamity in some areas due to the impact of Supertyphoon Carina and the enhanced southwest monsoon. —Lisbet K. Esmael

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