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Bigtime oil price rollback on Tuesday, Nov. 29

Economic News • 19:00 PM Mon Nov 28, 2022
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By: 
Darwin Divino/contributor
PNA file photo

MANILA – Oil companies today started implementing rollback on prices of petroleum products.

The pump prices of diesel was but by P3.95 per liter while the prices of kerosene and gasoline were reduced by P2.65 and P0.85 per liter, respectively.

The Dept of Energy announced that the price adjustments were based on the monitoring of the Mean of Platts Singapore (MOPS) from Nov. 21 to 24.

The MOPS is a daily average of all trading transactions of petroleum products in the Singapore trading hub where the Philippines acquire supplies of petroleum products.

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