Kerosene, diesel prices slash looms

February 11, 2023 Edd Reyes 287 views

ANOTHER big-time price roll back on kerosene and diesel products, with meager price cut on gasoline, is expected this coming week.

The Oil Industry Management Bureau of the Department of Energy estimated the decrease of diesel by around P2.39 per liter, kerosene by P2.37 per liter while P0.11 centavos per liter on gasoline.

The price adjustments on petroleum products are usually announced by major and independent oil firms on Monday which will take effect the following day, Tuesday.

If the price cut will be implemented, this will be the second week of price rollback on petroleum products after three consecutive weeks of pump price increases.