Gas prices to go up by P0.80-P0.90/liter; diesel on rollback by P0.30-P0.40/liter

Credit to Author: Tempo Desk| Date: Sat, 16 Nov 2019 06:57:13 +0000

Gasoline prices are anticipated to go up by P0.80 to P0.90 per liter next week, based on the calculations of the oil companies.

For diesel, it will still be a rollback of P0.30 to P0.40 per liter; along with kerosene products of which prices are projected to go down by P0.20 to P0.30 per liter.

The estimates had been based on the four-day outcome of oil commodity trading in the world market.

Next week’s price adjustments will likely be watched closely amid the filing of a new complaint against the oil companies targeting their scheme of enforcing uniform price adjustments on a weekly basis.

Such manner of pricing adjustments had been relentlessly questioned in the past – with some government administrations even carrying out reviews and investigations. But allegations of cartelization against the oil companies were never proven because the review b
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