Filipino motorists will experience huge relief next week with petroleum products at the pumps being anticipated to be on substantial rollbacks again based on calculations by oil companies.
This is already the fifth rollback in series of price downtrends since last month. And by far, this is the first cost reduction at the oil pumps this December. In the Philippines, the successive price cuts at the pumps had been a beneficial development primarily in calming the agitated public utility vehicle drivers, who have been agonizing over relentless price hikes in previous months.
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