Happy days are back for consumers filling up their vehicles with diesel products, as this commodity will be on price rollback of P3.95 per liter by Tuesday, Nov. 29.
Gasoline products, on the other, had been reduced by P0.85 per liter while kerosene prices had been slashed by P2.65 per liter, based on the pricing adjustment notices sent by the oil companies.
Despite the series of price adjustments, oil prices still incurred net increases of P33.85 per liter for diesel; P17.75 per liter for gasoline; and P27.85 per liter for kerosene. The continued decline in pump prices will bring cheers to the Filipino consumers, especially if this will be carried through into the Christmas holidays, when mobility will be peaking because of parties in offices as well as on gatherings of friends and relatives.
Those two major factors somehow reigned in market sentiments last week; that even the inventory buildup of the US market failed to lift sagging prices.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MB Daily News Update: Diesel to cost lower by as much as P3.75/liter next weekThese are among the top stories this Saturday afternoon, Nov. 26, 2022.
Read more »
LPG may buck oil price rollback next weekAlthough the Energy Department did not project the amount of the increase, LPG prices went up this month by P3.50 per kilogram, and AutoLPG prices rose by P1.96 per liter, according to Petron Corp. READ:
Read more »
Infinix launches HOT 20/20S in PH, price starts at PHP 7,499!
Read more »
DOE: LPG prices can go up, fuel price cuts respite may continuePrices of the liquefied petroleum gas (LPG) products may spike again next month, but the roll back in fuel pump prices may still continue in the next few weeks, the Department of Energy (DOE) said Sunday.
Read more »
EU nations fail to close rift on gas prices as cold sets in - BusinessMirrorBRUSSELS—On winter’s doorstep, European Union nations again failed to bridge bitter disagreements over a natural gas price cap Thursday as they struggle to effectively shield 450 million citizens from massive increases in their utility bills. An emergency meeting of energy ministers only showed how the energy crisis tied to Russia’s war in Ukraine has divided
Read more »