OIL PRICE WATCH: Gasoline falls almost P17, diesel down more than P4

MANILA — Consumers are in for some good news as big-time fuel price rollbacks can be expected on Tuesday, Nov. 10.

According to the Department of Energy, fuel prices will be adjusted by the following amounts:

Gasoline – P16.80 decrease

Diesel – P4.10 decrease

Kerosene –  P3.70 decrease

World oil prices plunged last week following the sweeping victory of the Democratic Party in the US midterm elections. This raised optimism that the US Congress will push back against President Donald Trump’s war against Iran, which is widely blamed for causing oil prices to skyrocket.