Motorists may enjoy lower prices in fuel products as oil firms announced on Monday, Dec. 12, there will be another round of major price cuts on Tuesday.
Pilipinas Shell, Clean Fuel, and Petro Gazz, PTT, and Caltex said to have a rollback per liter of diesel by P3.40, P1.70 per liter for gasoline, and P4.40 per liter for kerosene.
According to the Department of Energy, the four-week rollback is a continuation of weak demand in the global market.
The higher freight chargers are affecting the gasoline particularly. –Report from Naomi Tiburcio/KC – gb
