Oil price rollback this week

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• CHERYL G. CRUZ

There will be a rollback in the prices of petroleum products, effective Feb. 27.

Expect diesel to go down by P0.50 to P0.70 per liter, gasoline by P0.90 to P1.10/L, and kerosene by P0.80 to P1.10/L, oil companies announced over the weekend.

The exact adjustments will be known today, Feb. 26.

This will be the third rollback for 2024, and following a per liter increase last week of P1.10, P1.60, and P1.05, for diesel, gasoline, and kerosene, respectively.

With the recent adjustments, there is now a net increase of P6.15/liter for gasoline, P5.40/L for diesel, and P1.50/L for kerosene since the start of this year. | CGC

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