Big time fuel price roll back seen during Holy Week

A huge rollback in pump prices are expected during the Holy Week, according to estimates from Department of Energy on Friday. The estimates are as follows: The Department of Energy - Oil Industry Management Bureau (DOE-OIMB) made the estimates according to the 4-day trading in the Mean of Platts Singapore (MOPS). The relevant news for the week in the oil market contributed to the estimates are: Fuel firms announce the official per liter price adjustments every Monday, to be implemented on the following day.

Earlier this week, oil firms implemented a slight decrease in their products. —VAL, GMA Integrated News.