BUSINESS
Advocates Philippines
Exciting News: Gasoline, Diesel, And Kerosene Prices Set To Drop Next Week
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Next week is shaping up to bring some relief at the pump. According to the Department of Energy (DOE), we're looking at a significant rollback in oil prices, thanks to a dip in oil demand from China.

Here's the breakdown of what to expect:
- Gasoline: Prices are expected to drop by P0.90 to P1.20 per liter.
- Diesel: You might see a decrease of P1.30 to P1.60 per liter.
- Kerosene: The rollback could be between P1.50 and P1.65 per liter.

So, what's behind this welcome change? It turns out that China's recent switch to cleaner fuels has led to a softer demand for oil, which is trickling down to us here.

Keep an eye out for those lower prices next week, and hopefully, this will make your trips a little less costly!

Sep 13, 2024
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