Rollbacks of Fuel price in Philippines

Since the beginning of the year, local oil firms have raised fuel prices 13 times, adding up to a total increase of 10.20 Philippine Pesos or Euro a liter for gasoline (eur/php conversion) and 10.10 Philippine Pesos or US Dollars a liter for diesel - usd/php conversion. Total reductions, on the other hand, remained marginal at only P1.75 a liter for gasoline and 25 centavos for diesel, excluding this week's expected price cuts.




currency conversion date rates: April 25, 2011 from standard currency converter.



Rollbacks may Help consumer not to increase the prices of goods in Philippines, but the Increase of gasoline price is not that clear at the moment, it may increase in the future and expected to be 2-3 times more than the rollbacks given.

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