Fuel price rollback of up to P5.71/liter set on June 16

MANILA, Philippines – Motorists can expect relief as local fuel prices are set to drop by as much as P5.71 per liter starting June 16. In a media briefing, Department of Energy (DOE) Secretary Sharon Garin said gasoline prices could drop by 32 centavos per liter, or increase by up to P1.68 a liter. READ: DOE sees oil price surges amid renewed US-Iran war Rollbacks for diesel prices, meanwhile, could decline by P3.71 to P5.71 per liter. Kerosene will likewise have a price cut of 50 centavos to P2.50 per liter. Garin said prices could fall further, especially if peace […]...

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