This is an AI-generated summary, which may contain errors. For context, always refer to the full article.
The return price for gasoline is P3.41 per liter and P2 per liter for kerosene
MANILA, Philippines – President Ferdinand Marcos Jr. announced another oil price recovery expected to take effect on Tuesday, April 21.
On his Facebook, the President said the price of diesel will be reduced by P24.94 per liter; gasoline at P3.41 per liter; and kerosene at P2 per liter.
“There is relief coming (There is relief coming),” he said.
The reduced price of diesel is higher than P20 per liter that went into effect this week, Tuesday, April 14, which The President announced last SundayApril 12.
In the National Capital Region (NCR), the price of diesel for the week of April 7 to 13 was P120 to P160.20 or the regular price of P153.70. (See graph below:
The reduction of P24.94 per liter would reduce the regular price of diesel in NCR from P153.70 per liter to P128.76 per liter.
This, however, is still more than double the normal diesel price of P55 per liter in the NCR before the US-Israel war against Iran on February 28.
Diesel is the most important fuel for the Philippines as it is used by jeepneys and trucks to deliver all kinds of goods, especially farm produce, across the country.
Petrol, kerosene
The P3.41 per liter reduction in cheap gasoline (RON91) would reduce its regular price in NCR from P94.50 to P91.09 per liter. However, this is still P36.39 per liter higher than the price of gasoline (RON91) before the war.
The reduction in the price of kerosene by P2 per liter will reduce its regular price in NCR from P163.10 per liter to P161.10 per liter.
Marcos asked the country’s oil companies to fully implement the recovery.
“Execute returns fully, accurately, and without delay (Execute the refund fully, accurately, and without delay),” he said. Rappler.com
