We begin a new day with a big-time fuel price cut by oil firms. Diesel prices are down by ₱6.10 per liter, gasoline by ₱5.70 per liter, and for many households using kerosene for cooking ang lighting a much bigger rollback of ₱6.30 a liter. This is the second successive week firms will implement big-time price cuts for diesel and kerosene while it will be the first for gasoline since June 28th. But despite the big-time rollback, the net increase in fuel prices since the start of the year remains high because there were more price hikes than price cuts.<br /><br />We now talk to the Energy department about its projections next week. Joining us is Undersecretary Gerardo Erguiza.<br /><br /><br />Visit our website for more #NewsYouCanTrust: https://www.cnnphilippines.com/<br /><br />Follow our social media pages:<br /><br />• Facebook: https://www.facebook.com/CNNPhilippines<br />• Instagram: https://www.instagram.com/cnnphilippines/<br />• Twitter: https://twitter.com/cnnphilippines
