Fuel rollback this week; LPG up by ₱35.20 per 11-kg cylinder

 

Published November 1, 2020, 9:20 AM  by Myrna M. Velasco

https://mb.com.ph/2020/11/01/fuel-rollback-this-week-lpg-up-by-%e2%82%b135-20-per-11-kg-cylinder/

 

Consumers will experience a relief this week as the pump price of gasoline is expected to have a substantial rollback from ₱0.75 to ₱0.90 per liter and from ₱0.80 to ₱0.90 per liter for diesel.

Kerosene will likewise have a price cut by ₱0.65 to ₱0.75 per liter, based on the initial calculation of the oil firms.

Industry players will be implementing these price cuts by Tuesday (November 3) although the dictates of competition may prompt other oil firms to enforce rollbacks ahead of their company rivals to corner patronage of consumers.

But while fuel prices are on rollback, the price of liquefied petroleum gas (LPG), a product commonly used in households for cooking will increase by ₱3.20 per kilogram this November or a ₱35.20 increase for the standard 11 kg cylinder. Petron is the first to announce a price hike for its LPG effective Sunday, Nov. 1.

Petron also increased its auto LPG by ₱1.79 per liter starting Nov. 1. The adjustment is reportedly based on the swing of prices in the world market, anchored mainly on the movement of the Saudi Aramco LPG contract prices.