More oil firms rollback pump prices 0 SHARES Share it! Share TweetBy MYRNA M. VELASCOTaking cue from the lead of their competitors over the weekend, other oil companies are also implementing hefty rollbacks on their pump prices (January 21), as announced to the media. Often, some oil companies would jump the gun on competitors when oil prices are on big-time rollbacks not just to gain favorable media publicities for them, but they can also snatch the customers of other oil companies. After this week’s sizeable price rollbacks, the next episode in the oil industry that Filipino consumers would have to deal with will be the implementation of higher excise taxes in petroleum products. A number of oil companies are already sending advance notices to the media that excise taxes may already go up between middle of this week until this coming weekend but in just some of their stations.

Source: Manila Bulletin January 20, 2020 14:04 UTC