Fuel price rollback set next week

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Consumers can expect a price reprieve from high oil prices as the Department of Energy expects a price rollback of as much as P1.15 per liter next week.

“Secondly, apart from shipping delays and platform evacuations, Hurricane Beryl seems to have led to relatively little physical damage, allowing US to recover oil production, offsetting a larger than expected weekly draw in US crude inventories,” Romero said. Domestic pump prices have gone up for four consecutive weeks prior to the forecast rollback for a total of P4.80 per diesel and gasoline and P3.90 per liter for kerosene.

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MlaStandard /  🏆 20. in PH

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