Published: Sunday 16 July, 2017

Oil Price Rollback: Diesel & Gasoline Price Drop Announced for July 17, 2017

Fuel prices are going down again. After two consecutive weeks of increases, diesel and gasoline price drop was announced today by Phoenix Petroleum. Other oil suppliers are expected to follow suit.

gasoline price drop

The diesel and gasoline price drop was announced a day early this week.

Fuel price changes are usually effective every Tuesday but Phoenix Petroleum jumped the gun on its competition by announcing the price rollback a day early. According to Phoenix, the price of diesel will decrease by P0.50 per liter while that of gasoline will go down by P0.20 per liter.

The Department of Energy earlier announced that price decreases are expected this week due to the drop in crude prices last week.