Oil companies will be implementing another oil price rollback on Tuesday, Aug. 16, for the seventh straight week.
Diesel prices will decrease by P1.05 per liter, gasoline by P0.10 per liter, and kerosene by P0.45 in Petro Gazz, Shell, Seaoil, Clean Fuel, PTT, and Caltex stations.
The threat of economic recession continues to affect the demand outlook in the oil industry due to soaring interest rates abroad. –Report from Naomi Tiburcio-ag
