DOE, kumpiyansang magtutuloy-tuloy pa ang pagbaba ng presyo ng produktong petrolyo sa bansa

Transcript

00:00 The Energy Department is positive that the price of gasoline will continue to fall in the country.

00:06 Let's find out why in the report of Ryan Lasigas.

00:10 It's past 3 p.m. but JR is only earning P700 pesos from his work since this morning.

00:20 The money earned is still wrapped in plastic, not yet going home to his family,

00:25 but only for gas to be able to travel until 9 p.m. later.

00:29 Aside from buying rice, JR still needs to earn until the boundary of P1,000.

00:37 JR is admittedly nervous every Tuesday.

00:42 Because on this day, the price of the oil products is often announced.

00:47 I'll save it for when the price is good.

00:50 When the profit is good, it's delicious.

00:55 But if it's not, I'll just save it.

00:58 But JR's nervousness is gone.

01:01 The Department of Energy or DOE said that there's a high possibility that the price of gasoline will continue to fall in the country.

01:08 Thank you. If it's like that, I can still recover.

01:13 Does it have a big impact on you if the price of gasoline goes up?

01:17 Yes, it's really big.

01:18 If it's around P500, it will decrease.

01:21 So if the rollback continues, it's not good.

01:24 In the new Philippine program, Director Rino Abad of DOE said that the oil products are still good in the international market.

01:34 Aside from that, the supply and demand is also good.

01:37 At present, they are seeing an oversupply that could continue until the first quarter of 2024.

01:45 Abad said that the pump price of gasoline could only go up by P58 to P60 until the end of the year.

01:54 Diesel could reach P58 to P62 per litre.

01:59 But if the OPEC class reduces to 900 barrels per day, the price of oil products could be affected.

02:08 We're waiting for next year if they can still afford it.

02:12 What I'm talking about is that they are the only two, Saudi and Russia.

02:18 If they reduce to 900,000 barrels between the two of them, it will reduce their revenue and market share.

02:27 Meanwhile, no big move is expected in the price of gasoline this week.

02:32 Abad said that they have received a warning from some oil companies that there is no move in the price of gasoline.

02:39 He's expecting 80 cents increase in kerosene while the price of diesel will increase by 10 cents.

02:46 We are sure that up to the year-end, the price will go down.

02:51 It will not go back to around September.

02:55 There were 11 weekly adjustments of increase, one after another,

03:01 that the price of Dubai crude oil reached P85.

03:06 Now, we're at P75.

03:09 We are looking at a low price. Relatively, we are not expecting to reach P85 suddenly from P75 to P85.

03:20 Ryan Lasigas, for the nation.