Oil Price Watch

[c_cube]

Good day watchers, announcements are coming in for rollbacks some oil companies are reducing prices as early as Sunday October 21, 2018 at 6am. But most of the major players may wait until Tuesday October 23, 2018. Check with your local fuel stations for actual prices since they may vary.

Rollback on Diesel P0.80c-0.90c per liter
Rollback on Gas P1.80-2.00 per liter

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Good news yan

Bad new - kakafull tank ko lang kahapon. 2 petot din yun [emoji23]

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[Monseratto]

ADVISORY

PETRO GAZZ will implement PRICE ROLLBACKS on fuel products effective 6am, Sunday, 21 October 2018.

Diesel P0.90L
Gasoline P2.00/L

Have a great weekend!

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[uls]

buti di ako nag full tank this week after the last rollback

[baludoy]

napa-aga pala ang rollback ng petron

Twitter

[CVT]

Phoenix Petroleum cut pump price of their diesel and gasoline starting tomorrow 6am 20,October'2018

Gasoline- P2.00
Diesel- P0.90

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IIRC, the way the price adjustments are being implemented in the recent past,- bringing the diesel price closer to the gasoline price....

[montro]

napa-aga pala ang rollback ng petron

Twitter

Now it's time for me to bunker.

IIRC, the way the price adjustments are being implemented in the recent past,- bringing the diesel price closer to the gasoline price....

It's seems they like to make prices of gas and diesel to be very closed at the same time in the near future. Like in UK the price of diesel is more expensive than petrol.IMO

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[jaggerx3]

napa-aga pala ang rollback ng petron

Twitter

Yung phoenix nung sabado nag roll back

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[uls]

kaya napa aga din ang rollback sa ibang gas stations

[Monseratto]

Brent hovering just above 78... Barely.

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[Monseratto]

Mukhang may rollback ulit next week if things remain as it is til Friday...



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[uls]

Mukhang may rollback ulit next week if things remain as it is til Friday...

yeah

HUNDRED DOLLAR OIL MY ASS

the world can't take $100 oil right now

[uls]

and to those who still believe the AGE OLD "lalakas ang demand pag dating ng winter"

whatever

wanna bet??????

[dreamur]

The bad news here is that the government cannot use fuel prices anymore to justify inflation.

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[uls]

how does the PSA come up with inflation figures?

they monitor prices of selected goods and and services that are consumed by households (selected coz they can't monitor prices of ALL good and services)

those selected goods and services make up the CPI market basket (CPI = consumer price index)

the components in the basket do not have equal weighting

Food has the heaviest weighting in the basket... more weight than fuel

High food prices contributed a lot to inflation

high oil price contributed too

we can say high oil price drove up food prices coz the cost of transporting food got more expensive

pero syempre nandun ang govt mismanagement ng rice supply

[uls]

so duterte is only partly correct when he said rising oil price drove up inflation

he totally did not mention the mismanagement of rice supply

and he also didn't mention the weak peso which is a major contributor to inflation coz the weak peso made imported goods more expensive

oil is NOT the ONLY contributor

he was blaming it all on oil

[SoleusBB]

I wonder what's going to happen in the coming weeks.

Looks like there's going to be a standoff with the Saudis regarding the Jamal Khashoggi murder.

[Monseratto]

Oil plunges as Saudis vow to produce as much as they can

Oil fell to the lowest level since August after Saudi Arabia pledged to meet any supply shortfall that materializes from Iranian sanctions and as tumbling equities weakened sentiment.

International benchmark Brent crude fell by $3.70 a barrel, down 4.6 percent, to $76.13. The contract earlier touched $75.88, its lowest level since Sept. 7.

U.S. light crude ended $2.93, or 4.2 percent, to $66.43 a barrel, after earlier hitting a two-month low at $65.74. The contract posted its biggest daily loss since July 11, when it fell 5 percent.

Saudi Arabia, the world’s biggest oil exporter, has boosted production to 10.7 million barrels a day and is nearing an all-time high. Saudi Energy Minister Khalid Al-Falih said OPEC and its allies are in “produce as much as you can mode."

[uls]

^^^

make Trump happy

for US midterms

and hoping Trump will let the Khashoggi incident pass

[b_9904]

^^^

make Trump happy

for US midterms

and hoping Trump will let the Khashoggi incident pass

I'd be disappointed if he lets it pass.

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[zechs]

Sana maaga rollback this week.

Projected:
Gas - 1.5php
Diesel - 0.50php