Big-time oil price rollback in 2nd week of August
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Big-time oil price rollback in 2nd week of August
Benise Balaoing,
ABS-CBN News
Published Aug 12, 2024 09:23 AM PHT
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Updated Aug 12, 2024 12:45 PM PHT

MANILA -- There will be a big rollback in fuel prices in the second week of August.
MANILA -- There will be a big rollback in fuel prices in the second week of August.
Oil companies announced the following price rollbacks effective August 13, Tuesday:
Oil companies announced the following price rollbacks effective August 13, Tuesday:
CALTEX, PILIPINAS SHELL, SEAOIL (effective 6 a.m.)
CALTEX, PILIPINAS SHELL, SEAOIL (effective 6 a.m.)
Gasoline - P2.45/L decrease
Gasoline - P2.45/L decrease
Kerosene - P2.40/L decrease
Kerosene - P2.40/L decrease
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Diesel - P1.90/L decrease
Diesel - P1.90/L decrease
PETROGAZZ, PTT PHILIPPINES, JETTI PETROLEUM (effective 6 a.m.)
PETROGAZZ, PTT PHILIPPINES, JETTI PETROLEUM (effective 6 a.m.)
Gasoline - P2.45/L decrease
Gasoline - P2.45/L decrease
Diesel - P1.90/L decrease
Diesel - P1.90/L decrease
CLEANFUEL (effective 12:01 a.m.)
CLEANFUEL (effective 12:01 a.m.)
Gasoline - P2.45/L decrease
Gasoline - P2.45/L decrease
Diesel - P1.90/L decrease
Diesel - P1.90/L decrease
The Department of Energy had earlier said that factors driving oil prices downward are a stronger peso, concerns of a recession, weaker China consumption, and a worsening outlook for the global economy.
The Department of Energy had earlier said that factors driving oil prices downward are a stronger peso, concerns of a recession, weaker China consumption, and a worsening outlook for the global economy.
More details to follow.
More details to follow.
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