Oil price rollback expected next week

PTVPhilippines

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00:00Some good news for motorists. Oil price rollback is expected next week.

00:05This according to the Department of Energy Oil Industry Management Bureau.

00:09Gasoline is expected to roll back by 30 centavos per liter, diesel by 60 centavos, and kerosene by 65 centavos.

00:17Among these cited reasons are the easing of oil prices as investors shifted focus back to Russia-Ukraine peace talks

00:24and decline of oil prices by 2% on Monday after the restoration of oil production in one of Iraq's oil fields,

00:32which accounts for 0.5% of world oil supply.

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