Local oil companies are expected to implement a big rollback in the prices of petroleum products next week, an industry source said. | jordeenelagare /PDI
Local oil companies are expected to implement a big rollback in the prices of petroleum products next week, an industry source said.
The source said pump prices of diesel may go down by P2.40 to P2.70 per liter and gasoline, by P1.90 to P2.20 per liter.Estimates were made based on the four-day average prices in the global market from Jan. 30 to Feb. 2. Last week, prices of gasoline increased by P1.30 per liter, diesel by P1 per liter and kerosene by P1.35 per liter.Cumulative adjustments stand at P7.20 per liter for gasoline, P3.05 per liter for diesel and P4.55 per liter for kerosene.Subscribe to our daily newsletter
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