Oil players to impose major price rollback across the board
It’s beginning to look a lot like Christmas indeed. After oil industry experts projected that there will be a major price rollback in oil prices last week, oil players have announced that both diesel and gasoline prices will go down starting tomorrow, December 13, 2022.
Starting with the biggest price drop, kerosene prices will go down PHP 4.40 per liter. Up next is diesel which will receive a PHP 3.30 per liter decrease tomorrow. Last but not least is gasoline which will decrease PHP 1.70 a liter.
Companies such as Cleanfuel, Petrogazz, Seaoil, and Shell have already announced they will be making price adjustments tomorrow as early as 6:00 AM. With the major drop in oil prices set for tomorrow, we won’t be surprised if several filling stations in the country will be able to sell gas or diesel for less than PHP 60 per liter.
With the Christmas rush in full swing, the continued decrease in oil prices means motorists will be able to take advantage of the upcoming price adjustments tomorrow. Hopefully, oil companies will be able to impose more rollbacks in the coming weeks just before Christmas, as well as New Year’s Eve.