MANILA, Philippines — Oil companies implemented a price rollback on petroleum products on Tuesday (January 28).
Diesel enjoyed a price cut of 40 centavos per liter; while gasoline had a rollback of 30 centavos per liter.
Meanwhile, the Liquefied Petroleum Gas Marketers’ Association (LPGMA) Partylist expects the price of LPG to go down in February.
LPGMA Partylist Representative Arnel Ty said the increase in the price of LPG on January 1 was a normal movement on its pricing due to the holiday season.
He added, however, that a rollback will happen February as a next normal occurrence in oil pricing.
“Definitely, there will be a rollback,” Ty said.
The oil players also confirmed the big-time rollback for LPG next month.
On February 1, a price cut of about four to six pesos will be applied per kilo of LPG.
This means a P44 to P66 price reduction per 11-kilogram tank. — (from the report of Asher Cadapan, Jr.) /mbmf
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