While there would be rollback in prices at petroleum pumps this week, the cost of cooking fuel will make a dent on household budgets as the price of liquefied petroleum gas (LPG) is anticipated to go up by P4.00 to P5.00 per kilogram starting October 1.
That had been based on the initial advisory of the players in the industry although actual costs movements have yet to take effect at retail outlets.
With the anticipated cost spikes, the pick-up price of LPG will rise by as much as P44 to P55 for the standard 11-kilogram cylinder being used in Filipino households.
Conversely, as an upshot of the downtrend in global oil prices, a sizeable P1.45 per liter rollback in gasoline prices will partly provide relief to consumers’ pockets this week.
The oil companies similarly advised on price cuts of P0.60 per liter for diesel which is the fuel commodity used by most in the public transport; while kerosene prices will go down by P1.00 per liter.
As of this writing, the oil companies that already advised on price rollbacks include Pilipinas Shell Petroleum Corporation, Seaoil, PetroGazz, PTT Philippines, Total, Chevron and Unioil effective on Tuesday (October 1).
Cleanfuel adjusted on Sunday at 4 p.m. for a heftier rollback of P1.50 per liter for gasoline; but leaner reduction of P0.50 per liter for diesel.
The price cuts were still trifling though compared to the P2.35 per liter for gasoline; and P1.80 per liter for diesel price hikes the week before due to sudden surge in prices following a drone assault at the processing facilities of Saudi Aramco, the world’s biggest oil producer. (Myrna M. Velasco)
