Fuel Price Rollback Expected on Tuesday (January 10, 2023), Gas Stations Say
OIL PRICE ADJUSTMENT – Several oil firms are set to implement a fuel price rollback starting on (January 10, 2023).
Petroleum product prices have played a significant effect in the country’s economy throughout the last few decades. Pump price adjustments typically have a considerable impact on the prices of goods and services throughout the country.
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.
Several oil companies in the Philippines announced a rollback on prices of petroleum products such as gasoline, diesel and kerosene. The announcement of price cut has been made after several rounds of increases.
Pilipinas Shell Petroleum Corp. and Seaoil Philippines Corp. announced that the price of gasoline will go down by P0.75 per liter, diesel will be reduced by P2.80 and kerosene will be slashed by P2.10 per liter.
Cleanfuel and Petro Gazz will implement the same changes except for kerosene which they do not carry.
All gasoline stations will impose the price changes at 6:00 am on Tuesday except for Cleanfuel, which will adjust prices at 8:01 am the same day. Other companies will make similar announcements later this week.
The social media users expressed their reactions to the announcement:
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