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Oil price rollback expected on Tuesday

account_balanceMetro News account_circleJake Cruz chat_bubble_outline0 Comments

Oil prices are expected to go down on Tuesday, according to Unioil Petroleum Philippines.

In its fuel price forecast for September 15 to 21, Unioil said the price per liter of diesel will be slashed by P1.50 to P1.60.

Meanwhile, gasoline may go down by P0.90 to P1.00  per liter.

Fuel companies usually announce official price adjustments every Monday to be effective the next day.

Data from the Department of Energy showed the prices per liter of gasoline range between P40.50 and P50.93, while diesel prices range from P29.08 to P37.10 per liter.

Total year-to-date adjustments are set to stand at a net decrease of P4.22 per liter for gasoline and P9.44 per liter for diesel.

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