Oil price rollback seen next week

PTVPhilippines

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00:00Fuel price rollback is expected next week after a big-time oil price hike last week.

00:05Gasoline prices will be slashed to 50 centavos to 75 centavos per liter.

00:11One peso to one peso and 15 centavos per liter will be reduced from diesel,

00:16while kerosene decreased from 90 centavos to one peso per liter.

00:21This is due to decreasing tensions in the Middle East,

00:24an expected crude supply surplus in the first half of 2025,

00:28and a projection of slower demand growth next year due to vehicle efficiency upgrades.

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