Projected oil price rollback sa susunod na linggo base sa 4-day trading | Balitanghali
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NewsTranscript
00:00Good news for motorists from the oil price hike this Tuesday.
00:04There may be a big time rollback next week.
00:08Based on the assessment of the Oil Industry Management Bureau of the Department of Energy,
00:11based on the 4-day trading,
00:13the price of diesel is reduced from 2 pesos to 2 pesos and 20 centavos per liter.
00:191 peso and 15 centavos to 1 peso and 35 centavos are expected to be spent on gasoline.
00:25While 1 peso and 90 centavos to 2 pesos are expected to be spent on kerosene.
00:30According to the DOE,
00:32this is due to a decrease in demand,
00:34an increase in production from Libya,
00:36and the ceasefire talks in the war in Gaza.
00:39This may change at the end of the trading day today.
00:55For more information visit www.gma.tv and www.gmanews.tv