Another oil price rollback expected this week
July 5, 2015 8:38am
Motorists may benefit from another round of fuel price rollbacks this week.
Citing oil industry sources, radio dzBB reported Sunday the price rollbacks could involve as much as P1 per liter.
The report said the expected rollback is due to movements in the world market.
Last week, oil companies rolled back prices of gasoline, diesel and kerosene. — Joel Locsin/LBG, GMA News
More from: Another oil price rollback expected this week | Economy | GMA News Online
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Another oil price rollback expected this week
July 5, 2015 8:38am
Motorists may benefit from another round of fuel price rollbacks this week.
Citing oil industry sources, radio dzBB reported Sunday the price rollbacks could involve as much as P1 per liter.
The report said the expected rollback is due to movements in the world market.
Last week, oil companies rolled back prices of gasoline, diesel and kerosene. — Joel Locsin/LBG, GMA News
More from: http://www.gmanetwork.com/news/story/516118/economy/business/another-oil-price-rollback-expected-this-week
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Social Dementia
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July 5th, 2015 12:59 PM #1
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High & Dry
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Hoosier'ed Hotspur
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July 6th, 2015 09:10 AM #3
No announcement yet?....
"The measure of a man is what he does with power" LJIOHF!
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Dalek
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July 13th, 2015 08:59 AM #4Yang mga transport group naman na yan, puro rally lang nasa utak. Sa totoo lang wala namang say ang local companies sa rollbacks and increases, sumasabay lang sa galawan ng international market. At most, oil companies will try to recover 10 cents per price change, but even then, they can't do it too frequently kasi di naman lahat magpprice retreat so maiiwan silang mataas presyo while others lower their prices.
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Tsikoteer
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Tsikoteer
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July 13th, 2015 09:03 AM #6Glad the frackers are lowering the fuel costs. Its gonna be a long time before prices will return to 100/barrel
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Tsikoteer
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July 14th, 2015 07:07 PM #7Iran deal just dropped the oil price further worldwide. Thanks USA for accepting the nuclear deal lmao.
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BANNED BANNED BANNED
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July 15th, 2015 01:08 PM #8why is it that the price of oil has dropped by reason of this nuke deal? what's the connection? please pardon my ignorance.
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Tsikoteer
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July 15th, 2015 01:19 PM #10Bro, the deal with Iran includes lifting the embargo on their oil export which was heavily restricted causing some economic woes to the government. Now they can export their abundant supplies to the world adding up to the existing surplus!
Originally Posted by Juan Martinez
Time to buy a hummer! :D
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Tsikoteer
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July 15th, 2015 02:07 PM #12War between the west & iran or gulf war3 is averted Originally Posted by Juan Martinez
Israel is left alone in favor for warLast edited by kisshmet; July 15th, 2015 at 02:50 PM.
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Tsikoteer
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July 17th, 2015 05:20 AM #13Give Iran 6-12 months, theyre max exports now is a fraction of their pre-sanction output. Originally Posted by Monseratto
The price of brent is back above USD 58...
40$ per barrel hopefully when Iran is running near max capacity.
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Tsikoteer
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July 17th, 2015 08:05 AM #14Are there indications of another round of price rollback next week? My fuel gauge is nearing empty level. It's a good thing holiday ngayon and have no plans of going anywhere. Makapaghintay magpakarga until next week.
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Dalek
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July 17th, 2015 10:52 AM #15-15 cents for gasoline, -40 for diesel.
No use holding back your fuel purchase, wala pang P10 matitipid mo on a full tank of gas.
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Tsikoteer
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July 17th, 2015 11:00 AM #16Yeah, not much for the gasoline. For diesel, it will be almost P2/L since the last time I filled up. Originally Posted by jut703
-15 cents for gasoline, -40 for diesel.
No use holding back your fuel purchase, wala pang P10 matitipid mo on a full tank of gas.
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July 17th, 2015 11:40 AM #17Up-down pa rin brent no? Kaya maliit lang if ever ang rollback. Originally Posted by jut703
-15 cents for gasoline, -40 for diesel.
No use holding back your fuel purchase, wala pang P10 matitipid mo on a full tank of gas.
Kagabi bad trip sa balita, mga militanteng transpo group. Gusto pa din itaas pamasahe. Mga hunghang lang eh.
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Tsikoteer
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July 17th, 2015 12:03 PM #18They are playing mind games to condition the public not to demand for roll back instead. Originally Posted by Ry_Tower
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Dalek
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July 17th, 2015 12:00 PM #19Yeah don't expect huge rollbacks yet similar to last year, but it's worth noting that July has been comprised purely of rollbacks.
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July 19th, 2015 06:11 PM #20If US oil export ban is lifted.... this will be mayhem.
In short lower prices again for consumers everywhere.
Hope this ban is lifted.
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Originally Posted by jut703
