00:00Motorists are finally set to experience the first fuel price rollbacks of the year,
00:05potentially putting an end to the recent cost increases caused by global oil shocks amid the war in the Middle
00:11East,
00:11effective on Tuesday, April 13.
00:15The price cuts were driven by easing market concerns over geopolitical tensions following a two-week ceasefire initiated by the
00:23United States.
00:26By tomorrow, Shell Filipinas will cut its diesel prices by P23 per liter, gasoline by P6.50 per liter, and
00:35kerosene by P11.50 per liter.
00:40Other oil companies have yet to announce their price adjustments,
00:44even as they are expected to be in accordance with the prescribed minimum rollback levels set by the Department of
00:50Energy.
00:52Last Sunday, April 12, Energy Secretary Sharon Garin announced the estimated pump price reductions,
00:58stating that oil companies should implement minimum rollbacks of P20.89 per liter for diesel,
01:06P4.43 per liter for gasoline, and P8.50 per liter for kerosene.
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