00:00This is a good news for our motorists.
00:03It is expected that the price of oil products will be reduced next week.
00:09According to Radio Pilipinas,
00:11Oil Industry Management Bureau Director Rodela Romero said,
00:15the rollback for each liter of gasoline is set at P1.40 up to P1.70.
00:23P1.90 up to P1.00 and P1.20 for diesel and P1.00.
00:28P1.50 up to P1.00 and P1.70 for each liter of gasoline.
00:34This is the second day, the second week that there is an oil price rollback.
00:41The reason for the rollback is,
00:44first, the increase in the inventory of commercial crude oil in the United States.
00:51Second, the plan of the OPEC class member countries to increase their output by April of this year.
01:00And lastly, the implementation of the United States trade tariffs on major countries.
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