Fuel price rollback expected next week

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Motorists will be greeted by a rollback in pump prices in the coming week, local oil industry sources said Friday.

Citing oil trading in the past four days , an oil industry source told GMA News Online that the price per liter of diesel may be slashed by P1.70 to P1.90.Sought for comment, Oil Industry Management Bureau Director Rino Abad confirmed that there is an expected price rollback “for all products” next week.

Oil companies usually announce price adjustments every Monday, to be implemented on the following day.

 

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