Prices for oil products roll back today

Prices for oil products roll back today

MANILA: Starting today, January 10, the cost of gasoline, diesel, and kerosene at the pump will decrease by P0.75 to P2.80 per liter.

KEY TAKEAWAYS

  • By how much have gas prices rolled back today, Jan. 10, 2023?

    The cost of diesel decreased by P2.80 per liter, while the cost of kerosene decreased by P2.10 per liter. Meanwhile the cost of gasoline rolled back by P0.75 per liter.
  • The rollback comes after the price hikes last week. The following price changes will take effect on Tuesday, local oil companies stated in separate advisories on Monday.

    The cost of diesel decreased by P2.80 per liter, while the cost of kerosene decreased by P2.10 per liter. Meanwhile the cost of gasoline rolled back by P0.75 per liter.

    Caltex implemented the rollback on midnight Tuesday, while Petron and Shell have done the same from 6 a.m. onwards.

    Around the same time as the above fuel companies, Cleanfuel, Flying V, Petro Gazz, Phoenix, PTT Philippines, Seaoil, and Unioil have followed the rollback.

    Domestic deregulated downstream oil industry participants have been changing their prices on a weekly basis based on the cost swings of the Mean of Platts Singapore (MOPS), a pricing gauge based on the results of petroleum commodities trading in the regional market.

    Photo from Pilipinas Shell

    Also read: Shell PH treats motorists with Magnum ice cream until Jan. 15, 2023

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