Oil companies announced that diesel and kerosene prices will decrease starting Tuesday, March 18.
Price Adjustments (Effective 6 AM, March 18)
- Gasoline: No change
- Kerosene: ₱0.40 per liter decrease
- Diesel: ₱0.20 per liter decrease
According to DOE Oil Industry Management Bureau Assistant Director Rodela Romero, concerns over weaker demand amid signs of a potential economic downturn in the U.S. and other countries are driving prices down.
“May takot na magkaroon ng oversupply ang merkado kaya humahatak pababa ng presyo,” she explained.