After 3 consecutive price increases, there is a big-time rollback in the price of petroleum products on Tuesday, January 7.
Based on the notification of the oil companies, here is the amount of the discount they will implement:
Caltex (12:01 midnight)
GASOLINE -P2.10/L
DIESEL -P3/L
KEROSENE -P2.30/L
Cleanfuel (12:01 midnight)
GASOLINE -P2.10/L
DIESEL -P3/L
Seaoil, Shell (6 am)
GASOLINE -P2.10/L
DIESEL -P3/L
KEROSENE -P2.30/L
Petro Gazz (6 am)
GASOLINE -P2.10/L
DIESEL -P3/L
The discount was caused by the return of fears of a global recession or global economic slowdown, and the strengthening of American inventories.
— Report by Alvin Elchico, ABS-CBN News
Source: ABS-CBN News