00:00After the big-time oil price hike this past week,
00:04is there any expected rollback in the next week?
00:07Based on the oil industry sources,
00:1050 to 75 centiboles will be deducted from each liter of gasoline.
00:16One peso to 150 will be deducted from each liter of diesel,
00:20while 90 centiboles to pesos will be deducted from each liter of kerosene or gas.
00:25According to the Oil Industry Management Bureau of the Department of Energy,
00:29this will result in a decrease in tensions in the Middle East,
00:32an expected crude supply surplus in the first half of 2025,
00:36and an expected decrease in demand growth in the next year
00:40due to the vehicle efficiency upgrade and slowdown of China's economy.
Comments