Kerosene to lead rollbacks this week, up to P1.80/l READ MORE:
firms are poised for another round of rollbacks in pump prices by Tuesday, industry sources told the Standard.
“This is because the US came out with a new interest rate hike to its monetary policy to address inflation. Second, the US was seen to have a big build-up to its crude inventory,” Romero said. An industry source told the Standard the forecast of an oil pricerollback is based on the indicative movement of pump prices computed based on four-day trading and foreign exchange movement.
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