LOCAL oil companies rolled back their pump prices by P0.10 per liter for gasoline and diesel and kerosene by P0.30 per liter effective 6 a.m.Tuesday to reflect the movement of prices in the world oil market.
This is the third consecutive week of price rollback for diesel and kerosene.
The actual rollback is lower than the forecast of P0.30 per liter for gasoline or no movement, P0.20 to P0.50 per liter for diesel and P0.10 to P0.25 per liter for kerosene.
“The actual rollback fell lower in the range of the computed indication due to a rise in freight (from refineries to traders, and traders to buyers),” Jetti Petroleum president Leo Bellas said.
He said oil prices retreated last week after US President Trump agreed to hold off imposing steep tariffs on Mexico and Canada.
