00:00Good news for the motorists as rollbacks will be implemented on the price of oil products next week.
00:07This was signed by the Department of Energy Oil Industry Management Bureau
00:13or DOE-OIMB Assistant Director Rodela Romero on Radyo Pilipinas.
00:18According to Romero, the expected rollback on gasoline will be at 70 cents to 1 peso,
00:2520 to 55 cents for each liter of diesel.
00:28Meanwhile, the rollback on kerosene will be at 40 to 50 cents.
00:33This is a big reason for the so-called movement of the pronouncement of US President Donald Trump
00:38up to the adjustment of the US tariffs on oil products.
00:43The refineries and ports of the United States reopened,
00:49particularly on their gulf coast,
00:52where they were hit by a winter storm.
00:56So the refineries and ports reopened.
01:00Second, the oil market is concerned about how the proposed tariff policy of President-elect Donald Trump
01:11will affect global economic growth and demand for energy.
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