Motorists queue for fuel at a gas station in Pasig City on October 10, 2022, a day before a new round of oil price hike takes effect. Mark Demayo, ABS-CBN News

FUEL PRICE HIKE

Benise Balaoing

ABS-CBN News

MANILA -- There will be a big rollback in fuel prices in the second week of August.Oil companies announced the following price rollbacks effective August 13, Tuesday:CALTEX, PILIPINAS SHELL, SEAOIL (effective 6 a.m.)Gasoline - P2.45/L decreaseKerosene - P2.40/L decreaseDiesel - P1.90/L decreasePETROGAZZ, PTT PHILIPPINES, JETTI PETROLEUM (effective 6 a.m.)Gasoline - P2.45/L decreaseDiesel - P1.90/L decreaseCLEANFUEL (effective 12:01 a.m.)Gasoline - P2.45/L decreaseDiesel - P1.90/L decreaseThe Department of Energy had earlier said that factors driving oil prices downward are a stronger peso, concerns of a recession, weaker China consumption, and a worsening outlook for the global economy.More details to follow.&nbsp;

Kerosene - P2.40/L decreaseDiesel - P1.90/L decreasePETROGAZZ, PTT PHILIPPINES, JETTI PETROLEUM (effective 6 a.m.)Gasoline - P2.45/L decreaseDiesel - P1.90/L decreaseCLEANFUEL (effective 12:01 a.m.)Gasoline - P2.45/L decreaseDiesel - P1.90/L decreaseThe Department of Energy had earlier said that factors driving oil prices downward are a stronger peso, concerns of a recession, weaker China consumption, and a worsening outlook for the global economy.More details to follow.&nbsp;

CALTEX, PILIPINAS SHELL, SEAOIL (effective 6 a.m.)Gasoline - P2.45/L decrease

MANILA -- There will be a big rollback in fuel prices in the second week of August.Oil companies announced the following price rollbacks effective August 13, Tuesday:

Big-time oil price rollback in 2nd week of August | ABS-CBN News

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Big-time oil price rollback in 2nd week of August

Big-time oil price rollback in 2nd week of August