Another round of oil price cuts set on Aug. 11

Gasoline, diesel prices down by over P4 this week

Bigger oil price rollback is expected this week. 

Another fuel price rollback set for August 11

The rollback gives motorists another week of relief after steep July increases, though prices remain elevated compared with levels prior to the US and Israel war on Iran

Fuel prices cut by up to ₱4.88 per liter in major weekly rollback

Motorists and businesses are set to receive relief this week as local retail fuel prices record significant declines, driven by lower international benchmark costs and a stronger local currency.Effective Aug. 11, local pump prices for gasoline will decline by ₱4.70 per liter, diesel by ₱4.30 per liter, and kerosene by ₱4.88 per liter, according to prescribed price adjustments announced by the Department of Energy (DOE).The price cuts reflect rec…

Another round of oil price cuts set on Aug. 11

MANILA, Philippines — Fuel retailers will rollback pump prices by at least P4.30 per liter starting Tuesday, August 11. In an advisory, the Department of Energy (DOE) said gasoline prices would drop by P4.70 per liter, while diesel would have a price cut of P4.30 per liter. READ: Trump says Iran talks happening ‘right now’ Kerosene

Gas prices to drop by P4.70, diesel by P4.30

MANILA, Philippines — The Department of Energy (DOE) on Monday said that fuel prices will be lowered this week as the global market reacted to recent developments in the Middle East.It said diesel prices will drop by up to P4.30 per liter, gasoline prices by up to P4.70 per liter, and kerosene by up to P4.88 per liter.The price adjustments will take effect on Tuesday, August 11.Last week, diesel prices went down by up to P0.60 per liter, gasolin…