Nation

Oil companies expected to implement price rollback next week

Photo by DZRH Operation Tulong Willie Tiongson

Oil companies might implement a price rollback in their petroleum products next week after nine weeks of continuous price hikes.

This is due to the cost of imported gasoline going down by Php 0.63 per liter, while the cost of imported diesel went down by Php 0.45 per liter from Monday to Thursday.

Due to the consecutive price rollbacks from August 14 to October 9, the price of diesel went up by Php 5.85 per liter, gasoline went by Php 5.05 per liter, and kerosene went up by Php 4.65 per liter.

As of Tuesday, October 9, the prices of gasoline ranges from Php 53.55 to 67.35, diesel ranges from Php 47.05 to Php 56.35, and kerosene ranges from Php 51.17 to Php 61.30 in the Metro Manila area.

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