Daven Tamayo

Fuel rollback possible next week as world oil prices continue to slide

Article (news)

Alvin Elchico

ABS-CBN News

MANILA — A rollback in fuel prices is possible next week as world oil prices continued to slide on the third day of trading this week. From August 3-5, fuel prices have gone down by the following amounts:Diesel       P4.40/L ⬇️Gasoline  P4.70/L ⬇️Kerosene P4.80/L ⬇️Jetti Petroleum President Leo Bellas sees further incremental price reductions in the last 2 trading days due to positive development in the Middle East as prospects of a peace deal is again possible.But Bellas cautions motorists from expecting too much, as oil prices are not likely to go back to pre-war levels soon.

A rollback in fuel prices is possible next week as world oil prices continued to slide on the third day of trading this week.

A rollback in fuel prices is possible next week as world oil prices continued to slide on the third day of trading this week.