00:00Good news for motorists, because following the big-time oil price hike last week, there's a long-awaited rollback this coming Sunday.
00:10Based on the forecast of Unioil, 90 centimos to pesos will be reduced per liter of diesel, 30 to 50 centavos will be reduced per liter of gasoline.
00:22According to the Oil Industry Management Bureau of the Department of Energy,
00:26this is in line with the rising tensions in the Middle East, the expected crude supply surplus in the first half of 2025,
00:34and the possible decrease in demand growth in the next year due to the vehicle efficiency upgrade and slowdown of China's economy.
