Oil Price Rollback Set on January 10, Gas Stations Announce Price Decrease

Details about the Oil Price Rollback Set on Tuesday, January 10

OIL PRICE ROLLBACK – Different gas stations announced that they will implement a decrease in fuel prices on January 10, 2023.

One of the products which the movement of the prices affect a lot of people is oil. An increase or decrease in the costs of oil affect thousands of people, several businesses, and many others.

Last year, there were several months when public utility vehicle (PUV) drivers and private vehicle owners were left financially challenged by the high costs of oil in the country. There was a global oil problem and many businesses were also affected by it. The Philippine government released fuel vouchers to some drivers to aid them amid the high costs of fuel.

Meanwhile, the instances of oil price rollback have helped dropped the costs of oil. The Department of Energy reiterated several times that the prices of oil is always market-based.

In PH, usually, forecasts whether the oil price will go or or down take place on a Friday and then it is confirmed on Monday and implemented the following day.

Some gas stations have already confirmed their oil price rollback tomorrow, January 10, 2022. Based on a report on ABS-CBN News, here is a list of the fuel stations that have announced the decrease in their fuel prices beginning Tuesday:

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