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Oil price rollback set this week

  • Written by Jeffrey C. Tiangco
  • Published in Metro
  • Read: 154

MOTORISTS and the general public are in for a breather this week as oil industry insiders bared that oil companies are set to implement a rollback in pump prices of their petroleum products.

The insiders said rollback per liter in pump prices for gasoline would range from P0.90 to P1 while P0.75 in diesel and P0.65 for kerosene.
   
They added that the rollback will take effect either today (Monday) or Tuesday.
   
The impending rollback is the second for this month following the implementation of big-time oil price reduction last Nov. 8 wherein the decrease  was pegged at P0.65 per liter in pump prices of gasoline, P1.20 for kerosene and P1 for diesel.
    
The second rollback is a welcome relief to motorists and the general public following a series of oil price hikes that started first week of August.