Fuel budgets of motorists this week will continue to be on downtrend, as prices at the pumps will be on rollback by P1.3 per liter for diesel products, and P0.85 per liter for gasoline products. | ManilaBulletin READ:
Fuel budgets of motorists this week will continue to be on downtrend, as prices at the pumps will be on rollback by P1.3 per liter for diesel products, and P0.85 per liter for gasoline products.
As of press time, the oil firms that already sent notices on their price adjustments had been Pilipinas Shell Petroleum Corp., Seaoil, Cleanfuel, PetroGazz and Chevron effective Tuesday, March 28; while their competitor-firms are anticipated to follow this new round of price cuts at the pumps. At this stage, however, LPG retailers – including the Regasco brand, had already started reflecting price cuts for this cooking fuel commodity ahead of the monthly price movements being enforced industry-wide.
On global oil prices, industry watchers had seen another crash in prices last week on the absence of market fundamentals that could change the bearish sentiment on trading outcomes.
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