Possible Oil Price Reduction Expected Next Week

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Possible Oil Price Reduction Expected Next Week
OIL PRICESFUELECONOMY
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Motorists may see a slight decrease in fuel prices next week, according to the Department of Energy-Oil Industry Management Bureau. Based on recent international trading trends, Assistant Director Rodela Romero predicts a possible P0.30 per liter reduction in gasoline prices, P0.20 to P0.50 per liter for diesel, and P0.10 to P0.25 per liter for kerosene. Several factors are influencing fuel price fluctuations, including Saudi Aramco's price increase for Asian consumers, rising demand from China and India, sanctions against Russia, reduced OPEC production, and potential US tariffs.

May kaunting bawas sa presyo sa mga produktong petrolyo na posibleng asahan ang mga motorista sa susunod na linggo.

Nasa P0.20 hanggang P0.50 per liter naman ang maaaring ibaba sa presyo ng diesel, at P0.10 hanggang P0.25 per liter naman sa kerosene. Kasama rin sa nakaapekto ang pagbaba ng produksyon ng OPEC noong Enero dahil sa mababang output mula sa Iran at Nigeria. Bukod pa sa plano ni US President Donald Trump na magpatupad ng taripa sa Canada, Mexico, at China.

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gmanews /  🏆 11. in PH

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