Big fuel price rollback expected in PH starting August 11

Fuel prices will be slashed by as much as PHP4.90 per liter this week in line with the developments in the global market.

In separate advisories on Monday, Seaoil, Jetti Petroleum, and Petron said prices of their respective diesel products will be reduced by PHP4.30 per liter effective 6 a.m. on Tuesday.

Gasoline prices will be slashed off PHP4.70 per liter during the same time.

Seaoil said price of its kerosene will be cut by PHP4.88 per liter while Petron’s will decline by PHP4.90 per liter.

This is the second week of oil price reduction across the board given the same path for crude in the international market .

Last week, fuel prices were reduced by as much as PHP2.10 per liter.

-Joann Villanueva/Philippine News Agency