Gas Stations to Mark 4th Rollback on Fuel Prices Starting Next Week
Several gasoline stations announced another price rollback on prices of petroleum products starting next week.
Nowadays, the petroleum product’s prices play a very important role to the country’s economy. Pump price adjustment usually causes significant impact on prices of products and services in the country.
Oil price hike just contributes to the daily burden of Filipino people especially to those who were using public vehicles for a living and to individuals using private vehicles to reach their point of destination.
Various oil companies in the Philippines are expected to implement another rollback on fuel prices starting on Tuesday (November 30, 2021). It would mark the fourth rollback after more than two months of consecutive oil price hike.
Oil firms are expected to slash the prices of gasoline with P1.10 – P1.20per liter, P0.60 to P0.70 per liter of diesel, and P0.50 to P0.60 per liter of kerosene.
The expected price rollback next will be a great relief for Filipino motorists and especially to the public utility drivers who earn through the system of transportation.
As of last week, The Department of Energy (DOE) issued a date showing the price adjustment for this year. The data shows that gasoline surged P20.05 per liter, diesel at P17.50 per liter and kerosene at P15.09 per liter.
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