THERE will be a major oil price rollback Tuesday, July 1, 2025.
In their respective advisories, Pilipinas Shell, Petro Gazz, Cleanfuel, Caltex and Seaoil said there will be a P1.80 per liter price decrease on diesel, P1.40 per liter on gasoline and P2.20 per liter on kerosene.
The price adjustment will take effect on July 1, starting at 6 a.m.
Last week, there was a P3.50 per liter price increase on gasoline, P5.20 per liter on diesel and P4.80 per liter on kerosene.
The big-time oil price rollback came after the announcement of a ceasefire between Israel and Iran, which is expected to lower global crude oil prices. (TPM/SunStar Philippines)