Motorists can expect a rollback in petroleum product prices, set to take effect on November 19.

In its latest announcement, the Department of Energy (DOE) confirmed that the prices of the following oil products will be reduced as detailed below:

• Diesel: Price rollback of ₱0.75 per liter
• Gasoline: Price rollback of ₱0.85 per liter
• Kerosene: Price rollback of ₱0.90 per liter

The rollback results from the decline in global demand for crude oil.

Oil firms have yet to make announcements.

ABISO SA MGA MOTORISTA!

BASAHIN: Epektibo na bukas, November 19, 2024, ang rollback sa presyo ng mga produktong petrolyo ayon sa DOE. | RH 15 @JecelleRicafort, DZRH News pic.twitter.com/vHaU645ThQ

— DZRH NEWS (@dzrhnews) November 18, 2024