Fuel prices are set to roll back after two weeks of increases, based on a report by Philstar Biz. The adjustment is expected to bring some relief to motorists who have seen consecutive price hikes at the pump.
While gasoline and diesel prices are projected to decrease, the report also notes that liquefied petroleum gas (LPG) prices may move in a different direction. The potential increase in LPG costs comes amid ongoing tensions over public transport fare hikes, as commuters and operators await government decisions.
The scheduled rollback reflects broader movements in the global oil market, where recent price corrections have allowed local oil firms to adjust their pump prices downward. Industry observers will be watching whether the trend continues in the coming weeks, especially as LPG and fare concerns add pressure on household budgets.