Good news: Oil price rollback expected next week

By Alvin Elchico, ABS-CBN News

Posted at Mar 13 2015 03:31 PM | Updated as of Mar 13 2015 11:31 PM

MANILA – Motorists can heave a sigh of relief as fuel prices are expected to go down next week.

Based on prices at the Mean Platts of Singapore, where oil retailers base their pricing, the first four days posted a reduction for imported diesel and gasoline.

Excluding Friday’s trading price, diesel is down by around P0.80 per liter while gasoline is cheaper by around P0.50/liter.

Net price movement since January 2015 for gasoline is a total increase of P1.85/liter while diesel has a net increase of P0.20/liter.