MANILA, Philippines — Motorists can expect a relief from the recent major fuel price hikes as pump prices will be rolled back next week. Meanwhile, Unioil said it is forecasting a significant price reduction next week. This breaks the two consecutive weeks of significant price hikes on fuel products. In the world market, international oil prices erased the massive gains it registered following the drone attacks on Saudi Arabian oil facilities, after the major exporter recovered its output faster than expected. In the past two weeks, local gasoline prices went up by P3.70 per liter, diesel by P2.60 and kerosene by P2.80 per liter.

Source: Philippine Star September 28, 2019 15:31 UTC