OIL PRICE WATCH: Gasoline may plunge by P14/L next week
MANILA — Motorists may see significant fuel price rollbacks next week, with gasoline prices expected to drop by as much as P14 per liter.
Based on the four days of trading on the world market, oil prices may roll back by the following amounts:
Diesel — P4.00 to P5.00/L (decrease)
Gasoline — P13.00 to P14.00/L (decrease)
Kerosene — P5.00 to P6.00/L (decrease)
All three petroleum products posted declines in the international market during the Nov. 2 to 6 trading period:
Diesel — P5.00/L (decrease)
Gasoline — P11.90/L (decrease)
Kerosene — P5.30/L (decrease)