Fuel prices to rollback by up to P1.50 per liter

Metro Manila, Philippines – Fuel costs will rollback by up to P1.50 per liter after a week of price hikes, industry players said on Monday, Aug. 11.

Starting Tuesday, gasoline prices will decrease by P0.40 per liter.

Per-liter costs of diesel and kerosene, meanwhile, will go down by P1.50 and P1.30, respectively.

In a government newswire service report, Jetti Petroleum attributed the price drop to the further increases in the production of the Organization of the Petroleum Exporting Countries.