Oil Price Rollback

Today, August 10, 2015, oil companies announced that they will be reducing the price of their products starting at the midnight of August 11. According to some reports, both Diesel and Gasoline will have a rollback of Php 0.45 per liter while Kerosene will have a rollback of Php 1 per liter. This the the eight consecutive rollback that oil companies imposed due to the movement of trading in the World Market.

Because of these rollbacks, commuters are already asking and filed a petition for a rollback in the fair of public transportation. However, LTFRB said that they will still study the petition and that they will collaborate with the Department of Energy to know if these rollbacks are just for the short time.