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Oil prices seen going down next week 

account_balanceMetro News account_circleMarc Lacson chat_bubble_outline0 Comments

Oil companies are expected to impose a rollback on the prices of fuel products from Aug. 9 to 15, the Unioil Petroleum Philippines said in a report by CNN Philippines.

According to the forecast, firms will slash per-liter prices of gasoline by P2.00 to P2.20 and of diesel by P1.90 to P2.10.

Last week, per-liter rates of gasoline rose by P0.75, while those of diesel fell by P0.60 and of kerosene by P0.75.

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The Department of Energy said net price increases since the start of the year for gasoline, diesel and kerosene stood at P19.65, P32.35, and P27.30 per liter, respectively, as of Aug. 2.


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