Danessa Rivera( The Philippine Star)
- October 27, 2019 - 12:00am
MANILA, Philippines — Minimal price
rollbacks are set this week as international prices continue to drop.
In its forecast, Unioil said
motorists should expect the price movement with diesel lowering by P0.10 to
P0.15 and gasoline by P0.45 - P0.50 per liter.
Oil prices declined towards the
close of the trading week due to concerns about a weak demand outlook.
Last week, local oil firms
implemented reductions of P0.25 per liter on gasoline, P0.10 per liter
on diesel and P0.25 per liter on kerosene.
These drove year-to-date adjustments
to stand at a net increase of P5.61 per liter for gasoline, P4.02 per liter for
diesel and P0.96 per liter for kerosene, the latest Department of Energy (DOE)
data showed.
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