Big-time oil price rollback seen this week

A big-time rollback in the prices of petroleum products is seen in the next few days this week.

Citing information from the Department of Energy, Super Radyo dzBB said that the price rollback is a break from a 6-week consecutive hikes in oil prices.

The DOE said the rates of the oil price cut per liter are follows:

• Diesel - from P 1 to P1.35
• Gasoline - P1 to P1.10
• Kerosene - P0.80 to P0.90

—LBG, GMA News