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Oil prices down P0.05-P.10

  • Written by Jeffrey C. Tiangco
  • Published in Metro
  • Read: 161

OIL industry insiders disclosed that there will be another oil price rollback this week, the third consecutive for this month.

The insiders, however, said the rollback is only for which may could range from P0.05 to P0.10.
   
They added that prices of gasoline and kerosene are expected to remain the same.
   
They rollback was reportedly due to movement of oil prices in the world market.
   
Once implemented, the rollback would be the third consecutive for this month  which was highlighted by a big-time oil price rollback last Nov. 8 of P1.20 for kerosene, P1 for diesel and P0.65 for gasoline.
   
Records at the Department of Energy showed that pump prices of diesel is currently pegged at P25.75 per liter and P35.40 to P44.10 for gasoline.