Diesel leads price rollback of fuels, cut by P1.10/liter

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OIL PRICES CUT. A motorcycle food delivery rider refuels at a gas station on Congressional Road, Barangay Burol 1, City of Dasmarinas, Cavite on Tuesday . Following several weeks of significant price increases, oil companies reduced the price of gasoline by PHP0.35 per liter, kerosene by PHP0.45 per liter, and diesel by PHP1.10 per liter effective Tuesday. Oil companies rolled back pump prices of diesel fuel by as much as P1.10 per liter effective 6 a.m.

The Department of Energy said these price adjustments resulted in a year-to-date net increase of P14.20 per liter for gasoline, P10.45 per liter for diesel, and P5.04 per liter for kerosene.

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