As per DOE mid January could be the effect. Oil company still have an old stock.
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baka maulit na naman ung nangyari early last year
when excise tax kicked in at the same time crude oil was on an upward trend
for now i think Brent isn't gonna test $50 again... it's going to $60
Pumasok ako sa office kanina 7am 34.45 ang diesel pag labas ko kanina 12pm nasa 36 na. Bilis
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Estimate retail PUMP PRICE for week of January 07,2019
Diesel P0.15 to P0.20/liter increase
Gasoline P0.30 to P0.35/liter increase
Above still subject to change depending on today's MOPS and forex trading.
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OPEC+ production cut being implemented now (start 01/01/19)
it won't take long for the market to feel 1.2 million barrels per day gone
Brent's heading to $60