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Another oil price rollback in the offing

Metro Manila (CNN Philippines, November 18) — Pump prices are poised to go down again next week, according to a forecast by Unioil Petroleum Philippines Inc. on Saturday.

Unioil said diesel and gasoline may each see a rollback of ₱0.50 to ₱0.70 per liter.

The price cuts – the third since Nov. 7 – are expected from Nov. 21 to 27.

The Department of Energy’s data on Nov. 14 showed the price adjustments have resulted in a year-to-date increase of ₱13.05 per liter for gasoline, ₱6.35 per liter for diesel, and ₱1.69 per liter for kerosene.

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