Oil prices set for rollback after weeks of increases
MANILA, Philippines — Petroleum products are set to have a rollback, ending weeks of consecutive price increases since February 28.
In separate advisories, diesel products of different oil firms will have a price decrease, ranging from P20 to P23 per liter.
Gasoline and kerosene prices are also to have a price rollback.
The following are the price reductions per oil firm on Tuesday, April 14:
Petron (to be implemented at 6 a.m.)
- Gasoline: P 4.43 per liter
- Diesel: P 20.89 per liter
- Kerosene: P8.50 per liter
PetroGazz (to be implemented at 6 a.m.)
- Diesel: P20.95 per liter
- Gasoline: P4.50 per liter
Jetti Petroleum (to be implemented at 6 a.m.)
- Diesel: P2.70
- Gasoline: no movement
Seaoil (to be implemented at 6 a.m.)
- Gasoline: P4.43
- Diesel: P20.89
- Kerosene: P8.50
Flying V (to be implemented at 6 a.m.)
- Biodiesel: P20.90 per liter
- Gasoline: P4.50 per liter
- Kerosene: P8.50 per liter
This has been the first decrease in oil prices since the U.S.-Iran tensions started in February.
However, despite the decrease, some petroleum products are still at P120 to P130 per liter.
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