Bawas-presyo sa mga produktong petrolyo, asahan bukas
Bawas-presyo sa mga produktong petrolyo, asahan bukas;
Isang transport group, nais na maimbestigahan ang galaw ng presyo ng mga produktong petrolyo
Isang transport group, nais na maimbestigahan ang galaw ng presyo ng mga produktong petrolyo
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NewsTranscript
00:00 The oil companies are now paying a high price because tomorrow, our countrymen should expect a rollback.
00:09 This is the Central News from Karen Villanda, live.
00:13 Angelic, good news for motorists because they are expecting a rollback of three oil products tomorrow.
00:22 But unfortunately, some public transportation drivers are not able to unload their diesel and gasoline tomorrow.
00:35 After a week of rising oil prices, some motorists are not able to rest because they are expecting a rollback.
00:47 It's possible that the price of each liter of kerosene will drop by 50 cents and 20 cents for gasoline and diesel.
00:54 The Department of Energy explained that the demand of oil products in the market is possible to drop, so the price of oil will also drop.
01:02 There is a saturation effect because if buyers are not able to meet their demand, the price will drop. That's why buyers are demanding a lower price and negotiating.
01:17 At this point in time, we have observed that consistently last week, Monday to Friday, the price is dropping.
01:26 So any of those things that I explained, it's possible that's what's pushing the price to drop. But then again, it's a negotiation.
01:36 It's always buy and sell in the international market. There's no guarantee on a daily basis on what the price discovery is.
01:44 Because of the low demand, some drivers are unable to stop.
01:49 If the price of oil is still dropping, there will be a rollback. So the price of oil should be higher so that we can recover. Rice is expensive.
02:01 It's very expensive. It's not like when the price of oil rose, it's almost two pesos more. We can't earn anything.
02:09 The Pasang Masta group also reacted. They want to investigate the drop in oil prices and the increase in oil prices.
02:16 Why is that? That's what I'm asking. There should be a proper investigation. The Department of Energy, they are the one controlling the prices.
02:26 I need an explanation of Director Abad regarding this very thin rollback of diesel.
02:32 According to the Department of Energy, the supply of production of oil is still lacking until December due to the reduction in production of OPEC Plaza.
02:41 But this doesn't mean that there will be no significant drop in prices.
02:47 We can assure our countrymen that we will not be able to recover from the US$77 per barrel.
02:55 Our pump prices are at 57 pesos. Now, the price of gasoline is at 72, 73 pesos.
03:05 We are at a high level but there is a drop in prices because again, buy and sell, negotiations are ongoing.
03:16 Until December, the supply is tight.
03:20 Angelique, Ovet mentioned that the hearing on the high-rise Pasaje Bukasa will not be continued until September 28.
03:30 Now, Angelique, they are ready to face the hearing. Angelique.
03:35 Okay. So Karen, are you expecting that next week, we will experience a drop in prices?
03:43 You know Angelique, according to the DOE, the price of oil products is volatile.
03:52 They don't know if it will rise or fall next week because it will depend on the trading this week and of course, the negotiation of the buyers of oil in the Pandaigdigang Mercado.
04:08 Okay. Thank you very much Karen Villanda.