Diesel prices to drop P7 per liter—DOE

Diesel prices to drop P7 per liter—DOE

MANILA, Philippines — Motorists will enjoy a reprieve after three straight weeks of price increases, as expensive fuel products will decline by up to P7.57 per liter starting tomorrow. Rino Abad, director of the Department of Energy’s Oil Industry Management Bureau, said local fuel retailers would implement major rollbacks for diesel and kerosene to P7.57 and P5.85 per liter, respectively. READ: Iran offers to reopen Hormuz strait within 7 days in push for diplomacy Gasoline, meanwhile, would on