Oil companies to implement price rollback on May 3

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Oil companies to implement price rollback on May 3 | Image from Pixabay

Shell Philippines and Seaoil Inc. said the price of gasoline will decrease by P0.65 per liter and diesel and kerosene by P1.15.The rollback will be effective at 6 a.m. except for Cleanfuel, which will implement the decrease at 8:01 a.m.

Based on the updated year-to-date adjustments of the Department of Energy, the net increase in fuel prices stands at of P15.45 per liter for gasoline, P27.35 per liter for diesel, and P21.55 per liter for kerosene. Currently, oil prices in Metro Manila range from P66.45 per liter to P89.75 per liter for gasoline, and from P68.20 per liter to P85.20 per liter for diesel.

There has been a global oil crisis due to the Russian invasion of Ukraine, and experts said the energy prices in the world are set to remain high until 2024.SunStar website welcomes friendly debate, but comments posted on this site do not necessarily reflect the views of the SunStar management and its affiliates. SunStar reserves the right to delete, reproduce, or modify comments posted here without notice. Posts that are inappropriate will automatically be deleted.Do not use obscenity.

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