Mega fuel price rollback set on Tuesday, November 10

Motorists will experience a slight sigh of relief as fuel companies will implement a price rollback on pump products starting Tuesday, November 10, the Department of Energy (DOE) said Monday.

The DOE said gasoline prices will be down by P16.80 per liter across all grades—RON 91 (regular unleaded), RON 95 (premium unleaded), and RON 97 (high-octane unleaded).

Diesel prices, including Diesel Plus, will also decrease by P4.10 per liter.

Kerosene will also see a decrease of P3.70 per liter.

The lower pump prices will be in effect until November 16.

Further, the DOE said the country’s fuel supply is good for around 50 days.

As of Nov. 6, the DOE said the estimated number of days of available supply for the following petroleum products are as follows:

• Gasoline: 51.64 days
• Diesel - 53.95 days
• Kerosene - 143.07 days
• Jet Fuel - 55.62 days
• Fuel Oil - 55.97 days
• LPG - 29.84 days

—KG, GMA News