• A big-time oil price rollback is expected in the first week of May.
  • Citing four-day trading prices, gasoline prices are anticipated to have a markdown by a maximum of P0.45 per liter and diesel prices are projected to go down by a maximum of P0.70 per liter.
  • Kerosene prices, on the other hand, are also expected to have a rollback by up to P0.70 per liter.
  • The following are the adjustments in oil prices:
    ** Diesel prices – Down by P0.45 per liter
    ** Gasoline prices – Down 0.25 by P per liter
    ** Kerosene prices- Down by P0.90 per liter
  • Final price adjustments next week will be announced by oil companies on Monday and would be implemented by Tuesday next week.

https://www.philstar.com/business/2024/05/03/2352292/big-time-oil-price-rollback-expected-may-7