Minimal oil price rollback expected this week

Minimal oil price rollback expected this week
A minimal oil price rollback is expected tomorrow, August 27. A minimal oil price rollback is expected tomorrow, August 27 Photo File By THEPHILBIZNEWS

By Joann Villanueva

Petro Gazz will cut prices of its gasoline and diesel products tomorrow, August 27.

In an advisory, the oil company said prices of both products will be slashed off P0.10 per liter effective 6 a.m. on Tuesday.

These price adjustments are in line with the changes in the international market.

Last week, Petro Gazz and several oil companies implemented price hikes, also due to adjustments in the international market.

Petro Gazz increased its gasoline products by P0.50 per liter while PTT Philippines and Seaoil also adjusted its price by P0.35 per liter.

PTT Philippines and Seaoil also hiked the price of diesel by P0.60 per liter last week, while it was P0.75 per liter for Petro Gazz.

Seaoil also raised kerosene price by P0.45 per liter last week.

Other oil companies are expected to announce their price adjustments later today or tomorrow. (First published by PNA, Aug. 26, 2019)

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