MANILA – Motorists will be greeted with a big-time rollback in pump prices of petroleum products this week, marking the fifth consecutive week of price cuts.
In an advisory, Petro Gazz said it will reduce prices per liter of diesel by P2 and gasoline by P2.50.
The changes will take effect 6 a.m. on today, Nov. 13.
According to the latest data available from the Department of Energy (DOE), gasoline prices in the country currently range from P47.65 to P62.15 per liter, diesel from P43.55 to P52.19 per liter, and kerosene from P48.77 to P58.85 per liter.
“Expect fuel prices to roll back again [this week],” independent oil player Unioil said Saturday in its weekly fuel forecast for Nov. 12 to 16.
Diesel is expected to decrease by P2.00 to P2.10 per liter, while gasoline should decrease by P2.20 to P2.30 per liter.
“Since Oct. 15, 2018 the price of diesel has decreased by a total P3.10 and the price of gasoline has decreased by a total of P5.55!” Unioil said. (GMA News)
