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Consumers can expect a big-time price rollback of as much as P2.20 per liter next week to reflect the movement of oil prices in the world market.
The oil firms are expected to cut pump prices by P1.15 to P1.35 per liter for gasoline, P2 to P2.20 per liter for diesel and P1.90 to P2 per liter for kerosene. On August 20, the oil companies implemented an increase of P1 per liter for gasoline and kerosene while diesel increased by P1.20 per liter.
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