The Department of Energy (DOE) has revealed a potential significant rollback in fuel prices expected to take effect next week.
This anticipated adjustment comes as a result of noticeable decreases in global fuel prices, with gasoline prices dropping by P2.72 per liter, diesel by P2.02 per liter, and kerosene by P2.31 per liter.
Amidst these global shifts, Singapore observes its National Holiday today, maintaining yesterday’s trading day data for market analysis.
The final rollback values for fuel prices in the Philippines will be determined today, factoring in the current foreign exchange rates to calculate the adjustments for fuel companies nationwide.
The impending rollback in fuel prices holds promising implications for consumers and businesses alike, potentially alleviating financial burdens and contributing to cost savings in various industries.
As stakeholders await the final confirmation on the rollback figures, the DOE’s proactive monitoring and reporting highlight the commitment to transparency and efficient market operations
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