Motorists in the Philippines can expect a significant decrease in fuel prices ahead of the Holy Week.
This comes as a welcome relief for many, especially with the expected increase in travel as people head to provinces and vacation spots.
The Department of Energy (DOE) has announced that gasoline prices will drop by ₱3.30 to ₱3.75 per liter, diesel by ₱2.90 to ₱3.40 per liter, and kerosene by ₱3.40 to ₱3.50 per liter.
This price reduction is mainly due to changes in the global oil market, which has seen lower oil prices recently.
Oil companies like Seaoil and Shell Pilipinas have confirmed that the price cuts will start on Tuesday, April 15.
The decrease in prices is seen as a timely relief as more people prepare for the Holy Week exodus, with many traveling for family visits or vacations.
The price rollbacks are seen as a much-needed break for consumers after a series of price hikes in recent months.
The DOE also reminds the public to stay updated on fuel price changes, as international market conditions can still cause fluctuations.
With these price cuts, Filipino travelers and commuters can enjoy a little financial relief as they plan their trips during the busy Holy Week season.
The price drop is due to lower oil prices in the global market, which affects how much we pay locally.
Not necessarily. Prices can still go up or down depending on global oil supply, demand, and other international factors. It’s best to stay updated weekly.
Fuel prices typically change every Tuesday, depending on global oil prices and other economic factors.
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