Fuel price rollback expected this week

Metro Manila, Philippines — The price of petroleum products will drop this week, oil companies said on Monday, Sept. 16.

Gasoline prices will be cut by ₱1 per liter while diesel by ₱1.30 per liter.

Cost of kerosene will also be slashed by ₱1.65 per liter.

The rollback will be effective on Tuesday, Sept. 17.

The Energy department said sluggish global demand and oversupply expectations are pushing prices down.

NewsWatch Plus correspondent Daniza Fernandez has contributed to this report.