CONTORNO, John Michael M.

JOURN
103
BA JOURN – 2A. 10/02/22

Oil expenses visible to head down subsequent week

The cost of gasoline is expected to decrease by up to P0.60 a liter in

Manila, Philippines, the following week.

The price of diesel is predicted to decrease by P0.50 to P0.60 per liter,

while the price of gasoline is predicted to decrease by P0, according to a
forecast made by Unioil. Forty to fifty pesos per liter.

Following a decrease of P1.25 per liter this week due to market

movements on the international level, diesel prices have decreased for the
fifth consecutive week.

The anticipated rollbacks for diesel and gas will place the internet boom
for diesel at P30.15 and P30.05 and for gas between P16.10 and P16,
respectively.

If the fee reductions continue, the entire rollback for gas and diesel since
September 6 might also reach among P8. 90 to 9 Philippine Pesos per
Liter and 5 to 5 Philippine Pesos per Liter, respectively.