Motorists line up to buy fuel at a gas station in Mandaluyong City on March 22, 2022. Oil firms implemented price rollbacks today after price hikes the last 11 weeks. George Calvelo, ABS-CBN News

DOE sees oil price rollback next week

ABS-CBN News

Gasoline - 1.00 to 1.30Diesel - 1.00 to 1.30Kerosene - 1.20 to 1.35Local oil prices have seesawed since August 13 of this year.&nbsp;Sluggish demand from China and the US, reports that OPEC+ plans to boost output by 180,000 barrels per day in October and recovery of Libyan oil production all contributed to the price adjustment.

Rodela Romero, Director III of the Oil Industry Management Bureau, said a rollback in domestic pump prices will be experienced by motorists next week based on 4 days of trading in the Mean of Platts Singapore.Estimated adjustments are as follows:

Fuel prices are set to go back down again a week after a slight price increase was implemented Tuesday.

Fuel prices are set to go back down again a week after a slight price increase was implemented Tuesday.

DOE sees oil price rollback next week | ABS-CBN News

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DOE sees oil price rollback next week

DOE sees oil price rollback next week