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Another oil price rollback

November 27, 2021 Edd Reyes 296 views

LOCAL oil companies are set to implement another round of big-time price rollback of petroleum products this coming week, according to energy sources.

If it will be put into effect, this will be the 4th week that the local oil firms slashed the prices of their fuel products.

Oil industry sources said oil firms may lower the prices of gasoline products by P1.10 to P1.20 centavos per liter, diesel by P0.60 to P0.70 centavos per liter and kerosene by P0.50 to P0.60 centavos per liter.

Big and small oil companies usually implement the price adjustments in their petroleum products every Tuesday.

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