Motorists welcome 2nd week of August with fuel price rollbacks

MANILA:  Motorists will welcome the second week of August with a rollback in fuel prices after several increases in the past few weeks. 

According to companies Unioil, Cleanfuel, Petron, and Phoenix Petroleum Philippines Incorporated, gasoline prices will decrease by P0.40 per liter, while the cost of diesel will be slashed by P1.50 per liter. 

Meanwhile, companies that sell kerosene will cut its cost by P1.30 per liter. 

These changes are expected to take effect tomorrow, August 12. 

Last week’s movement

Last week, the price of fuel saw an increase across the board. 

Here are the price updates: 

Product	Price adjustment (in Peso per liter)
Gasoline	P1.90 per liter (increase)
Diesel	P1.20 per liter (increase)
Kerosene	P1.00 per liter (increase)

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