An oil firm is implementing a price rollback on its diesel and gasoline products at select branches nationwide to help ease the burden of rising pump prices on motorists.
Reports said that Petro Gazz will roll back the regular prices of its diesel and gasoline products by P5 per liter on Monday, March 23, at select stations in Luzon, Visayas and Mindanao.
Stations in Luzon include branches in Pangasinan, Batangas, Quezon province and Cavite.
The company first implemented its P5 rollback initiative on Friday, March 20, at select stations in Metro Manila.
It was later expanded to other stations in different parts of Luzon on Saturday, March 21.
By Monday, Petro Gazz had added more stations to the rollback initiative.
“We are one with the Filipinos, to help ease the situation of high fuel prices,” the oil firm’s reported statement read.
Pump prices are set to increase for the third consecutive week on Tuesday, March 24.
Gasoline prices will go up by P6.47 per liter, while diesel will increase by P11.88 per liter. Kerosene, meanwhile, will rise by P13.66 per liter.
The sharp increases are attributed to tensions in the Middle East, as oil suppliers from the region face disruptions in shipping due to military conflicts involving the United States, Israel, and Iran.
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