Hefty oil price rollback next week

Credit to Author: Tempo Desk| Date: Fri, 27 Sep 2019 09:55:16 +0000

Jumping off from harrowing price hikes, consumers could expect financial relief next week as pump prices are anticipated to be on a hefty rollback that may reach roughly P1.60 per liter for gasoline products.

This was based on the initial calculation by Laban ng Konsyumer Inc. president Victorio Dimagiba, with him stressing that “this will be a relief for consumers.”

Oil companies have qualified that such was reckoned from the outcome of four-day trading in the world market.

For diesel products, it was indicated that price reductions will be at P0.75 per liter – and the oil firms had set out the same caveat that the last trading day in the world market may still alter the final cost reductions.

“But for sure, there will be significan
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