Oil companies have announced a substantial price rollback for this week.
Leading companies such as Shell and Seaoil have confirmed that they will decrease diesel prices by P3 per liter and gasoline prices by P0.70 per liter on Tuesday, November 14, 2023.
Furthermore, the cost of kerosene will see a reduction of P2.70 per liter.
Industry insiders have attributed these price cuts to the declining oil demand in both the United States and China.
Source: PhilNews24 | November 13, 2023
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