00:00Motorists may finally see the start of fuel price easing, albeit slow, as final trading days point to the first
00:06double-digit rollback of the year.
00:09Based on a full week of trading on the mean of Platte Singapore, diesel prices are expected to drop by
00:15approximately 8 pesos and 80 centavos to 10 pesos and 80 centavos per liter, providing much-needed relief to the
00:22transport sector.
00:23Once materialized, pump prices could fall to around 161 pesos and 20 centavos to 159 pesos and 20 centavos per
00:33liter next week.
00:34Gasoline price estimates, on the other hand, point to a 1 peso rollback.
00:39Price adjustments will be announced by oil companies on Monday, April 13th.
00:44The two-week Middle Eastern ceasefire may have eased concerns in the global oil market.
00:49However, some tankers have reportedly been advised not to pay fees to pass through the Strait of Hormuz.
00:56A report from the BBC indicated that ships will still need Iran's permission to pass through the Strait.
01:03Otherwise, they may be targeted.
01:05Although the rollback is likely next week, fuel prices in the Philippines remain elevated, supply remains volatile,
01:12and some retailers and motorists have resorted to panic buying, hoarding, and theft.
01:17The Department of Energy has put its foot down, warning delinquent retailers, companies, and individuals of criminal liabilities.
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