There will be another price cut on fuel products on Tuesday, Nov. 22.
According to the notice of Unioil-Petroleum Philippines, the price of diesel may be lowered by P2.00 to P2.30 per liter, while gasoline will slash its price to 80 to 90 centavos per liter.
Oil Industry Management Bureau Director Rino Abad first confirmed that the oil price will decline this week due to the continuous increase of COVID-19 in China and the weak demand in other countries.
Last Nov. 15 was the recent fuel price increase of oil companies in petroleum products. –PTV News/KC – gb
