P4 to P21 rollback seen for gasoline, diesel today

MANILA, April 14 ------ Oil firms announced fuel price cuts of up to PHP20.89/liter effective today, offering relief after recent price spikes due to the Middle East conflict.

Seaoil and Petron will reduce diesel prices by PHP20.89/liter at 6 a.m., while Jetti Petroleum will cut diesel prices by PHP2.70/liter. For gasoline, Seaoil and Petron will roll back prices by PHP4.43/liter, while Jetti will make no adjustment.

Seaoil and Petron will also reduce kerosene prices by PHP8.50/liter. President Ferdinand R. Marcos Jr. said the rollback will provide relief to consumers and assured the public of continued measures to cushion the impact of oil price volatility.

Source: pna.gov.ph