There will be a rollback in the pump prices of all petroleum products this week, according to the Oil Industry Management Bureau of the Department of Energy.
Motorists may expect a rollback in the prices of fuel products, an official of the Department of Energy's Oil Industry Management Bureau says on Sunday, Feb. 26, 2023. News Live/File photo
“Sigurado po na magkakaroon tayo ng rollback ... sa lahat ng petroleum products from gasoline, diesel, and kerosene,” OIMB director Rino Abad said in a Super Radyo dzBB interview. Citing oil trading from February 20 to 23, an oil industry source told GMA News Online earlier that the price per liter of diesel may be slashed byAbad attributed the rollback to China’s lower oil import and higher crude inventory for the United States.
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