Another oil price rollback as global demand weakens

Motorists refuel at a gasoline station along Easte Avenue in Quezon City on February 22, 2022. Jeepney drivers and operators  blast the consecutive oil price hikes causing increase in prices of consumer goods and services.  Jonathan Cellona, ABS-CBN News

TRANSPORTATION- OIL PRICE HIKE

David Dizon

ABS-CBN News

<ivs-player data-ivs-key="e8c22c015ca9eafa76f1e3edfa03c603" data-ivs-spid="3001339" data-ivs-vid="3068578"></ivs-player> <script src="https://player.ivideosmart.com/ivsplayer/v4/dist/js/loader.js"></script>Rejoice, Kapamilya! We&rsquo;ve got another round of pump price cuts coming next week, right after the last oil price rollback.Rodela Romero, Department of Energy Oil Industry Management Bureau assistant director, said weakening global demand accounted for the latest oil price adjustment.She said the latest price adjustments are as follows:Gasoline &ndash; P0.90 to P1.20/literDiesel - P1.30 to P1.60/literKerosene - P1.50 to P1.65/literOPEC has cut its forecast for global oil demand growth in 2024 after keeping it unchanged since July 2023.It cited China&rsquo;s low crude demand as the world&rsquo;s second largest economy faces economic challenges and moves to cleaner fuels.

Gasoline &ndash; P0.90 to P1.20/literDiesel - P1.30 to P1.60/literKerosene - P1.50 to P1.65/literOPEC has cut its forecast for global oil demand growth in 2024 after keeping it unchanged since July 2023.It cited China&rsquo;s low crude demand as the world&rsquo;s second largest economy faces economic challenges and moves to cleaner fuels.

Rodela Romero, Department of Energy Oil Industry Management Bureau assistant director, said weakening global demand accounted for the latest oil price adjustment.She said the latest price adjustments are as follows:

<ivs-player data-ivs-key="e8c22c015ca9eafa76f1e3edfa03c603" data-ivs-spid="3001339" data-ivs-vid="3068578"></ivs-player> <script src="https://player.ivideosmart.com/ivsplayer/v4/dist/js/loader.js"></script>Rejoice, Kapamilya! We&rsquo;ve got another round of pump price cuts coming next week, right after the last oil price rollback.

Rejoice, Kapamilya! We’ve got another round of pump price cuts coming next week, right after the last oil price rollback.

Rejoice, Kapamilya! We’ve got another round of pump price cuts coming next week, right after the last oil price rollback.

Another oil price rollback as global demand weakens | ABS-CBN News

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Another oil price rollback as global demand weakens

Another oil price rollback as global demand weakens