Logo

01 日 マニラ

29°C25°C
両替レート
¥10,000=P3,870
$100=P5,610

01 日 マニラ

29°C25°C
両替レート
¥10,000=P3,870
$100=P5,610

Gasoline prices could go down over peso per liter Tuesday: DOE official

2022/11/28 英字

Gasoline prices could go down by over one peso per liter on Tuesday, a Department of Energy (DOE) official said Sunday.

In an interview with dzBB, Oil Management Bureau Director Rino Abad said the fuel price rollback could go as high as P1.40 per liter.

“For gasoline, the possible price range could be as high as P1.40. But I’m more comfortable with saying that it will be around P1.20 to P1.30,” Abad said.

Abad said he sees '' a good chance for the rollback to continue.''

“That is clear from what is happening. What is happening is that the lockdown in China is causing this situation now and at the same time, the US is claiming that the interest hike is already effective. They said they see a reverse in demand including fuel. When these two factors combine, demand will decrease,” he added.

Abad said the DOE is expecting liquefied petroleum gas (LPG) prices to increase because there is a build-up of inventory in November and December.

Abad said they are also waiting for the Organization of the Petroleum Exporting Countries (OPEC) to announce the result of their ministerial meeting on December 1. Jaspearl Tan/DMS

おすすめ記事

Senate court must not entertain motions to dismiss or convict Sara: Hontiveros

2025/7/1 英字 無料
無料

Daily minimum wage earners in Metro Manila get P50 increase: DOLE

2025/7/1 英字 無料
無料

DOE sees pump prices declining in the next few weeks

2025/7/1 英字 無料
無料

Marcos swears in new Customs chief

2025/7/1 英字 無料
無料

PNP relieves police chief in a Rizal town for slow action on robbery case

2025/7/1 英字 無料
無料

LPA to bring cloudy skies, scattered rains to Quezon, Aurora, Bicol

2025/7/1 英字 無料
無料