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Oil prices will likely roll back by as much as P1.50 per liter next week to reflect the movement of prices in the world oil market following the recent decision of the Organization of the Petroleum Exporting Countries and its allies to extend the production cut.
Romero said the estimated rollback in the domestic pump prices is P0.70 to P0.90 per liter for gasoline and P1.20 to P1.50 per liter for diesel and kerosene.
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