Pump Price Rollback Expected on Tuesday (November 22), Oil Firms Say
FUEL PRICE ROLLBACK – Several oil firms were set to impose a pump price rollback starting on Tuesday (November 22, 2022).
The costs of petroleum products have been a major factor in the economics of the nation during the previous few months. Pump price adjustments typically have a considerable impact on the nation’s prices for goods and services.
The consecutive oil price hike during the past few months contributed to the daily burden of Filipino people, especially those who were in the public transport sector. Price rollbacks can somehow ease the struggles of Filipino drivers.
On Monday (November 21, 2022), various oil companies in the country announced that Filipino motorists will have a slight reprieve this week due to the expected rollback on prices of petroleum products including gasoline, diesel, and kerosene.
Pilipinas Shell and Seaoil announced that prices of gasoline will go down by P0.40 per liter, P2.15 per liter of diesel, and P2.10 per liter of kerosene. Petro Gazz will implement similar adjustments except for kerosene, which it does not carry.
All gasoline stations will implement the changes at 6:00 am on Tuesday (November 22, 2022). Other companies have yet to make similar announcements later this week.
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