World crude oil prices continue slide; LPG rollback seen

MANILA — Good news for motorists as fuel prices continue to decline on the first trading day in the world market.

There was no trading in Singapore last Monday due to a holiday, but as of Tuesday, November 10, fuel prices have moved by the following amounts:

Diesel        P6.40/L decrease

Gasoline   P4.70/L decrease

Kerosene  P6.90/L decrease

But there are 3 more trading days left that will still affect the price movements in the Mean of Platts Singapore.

Meanwhile, LPG player Regasco is considering advancing the rollback for December in the next few days.

According to Regasco President Arnel Ty, as of today, the contract price of LPG went down by $110 per metric ton, or an equivalent rollback of around P7 per kilo or P77 per regular tank.

Ty said he is set to meet with energy officials tomorrow to propose advancing the price slash before December, but it should be clear that the rollback should be offset from the actual price adjustment based on the closing contract price by November 30, 2026.

Ty explains that Regasco can implement a P2.00 to P4.00 rollback as long as the DOE agrees that this should be credited to the December price movement.