00:00Not just a rollback, but a big-time rollback in the price of oil is expected next week.
00:07According to Unioil, almost Php2 per liter of gasoline and Php1 per liter of diesel is possible.
00:15According to the Oil Industry Management Bureau of the Energy Department,
00:19some of the reasons for the expected rollback are the increase in the stockpile,
00:23or the impact of crude oil in America,
00:25especially the increase in the output in April of OPEC Plus members.
00:29This is also the effect of the tariff increase in America, Canada, China, and Mexico
00:33that spread the problem in the past.
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