Consumers will have a new round of financial breather at the pumps next week, as oil prices will be on rollback, according to estimates by industry players.| ManilaBulletin READ:
Lingering fears of economic recession exerted downward pressure on global oil prices last week
Additionally, for kerosene products, which is an indispensable commodity for many households as well as for key industries like aviation, the price will be down by P0.30 to P0.50 per liter. According to global experts, the downswing of oil prices in last week’s trading had been mainly triggered by growing fears of economic slowdown, a sentiment that has been recurring in markets since last year.
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