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Big time fuel price rollback set this week

Prices of basic goods likely rose by 2.4-3.2 percent in February, with cheaper electricity, fuel, and food costs softening price movements, a unit of The Bangko Sentral ng Pilipinas says.

Metro Manila (CNN Philippines, March 8) – Heads up, motorists! Fuel companies have announced a reduction in prices of their petroleum products this week.

Seaoil will cut down its gasoline prices by ₱1.20 per liter at 6am starting Monday.

Its diesel prices will go down by ₱0.75 while kerosene was brought down to ₱1.05 per liter.

Same price cuts will apply for Shell and Petro Gazz starting Tuesday.

Price movements in world oil market triggered this drop in local pump prices. Other fuel retailers have yet to announce if they will also implement similar rollbacks.

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