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NewsTranscript
00:00Motorists are expecting a rollback on the price of oil next week.
00:06Up to Php 1.30 per litre of diesel and gasoline is the possible cut in the price.
00:12Up to Php 1.35 is the expected rollback on kerosene.
00:18According to the Oil Industry Management Bureau of the Energy Department,
00:23based on four-day trading,
00:25despite the possible rollback,
00:28the slow demand in China and America
00:31is the plan of OPEC-plus countries to import Php 180,000 per day
00:38next month and to recover production of oil in Libya.