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ROLLBACK!

Fuel price ROLLBACK expected next week, according to an oil industry source.

Diesel: Down by P6.30 - P6.50 per liter
Gasoline: Down by P5.70 - P5.90 per liter

READ: https://www.gmanetwork.com/news/money/companies/837494/big-time-rollback-seen-in-pump-prices-next-week/story/

DOE-Oil Industry Management Bureau Director Rino Abad confirmed there will be a big-time fuel price rollback next week.

Abad cited the following reasons:

- China Shanghai lockdown
- Interest hikes by various countries
- Threat of recession which could cause demand destruction | via Ted Cordero/GMA News Online