Fuel prices seen lower next week

News Snapshot:

Consumers can expect another big-time oil price rollback next week of as much as P1.20 per liter amid the continued easing of tensions in the Middle East, even as Caltex implemented a rollback of P0.60 per liter for gasoline, P0.35 per liter for diesel, and P0.50 per liter for kerosene on July 3. Jetti Petroleum president Leo Bellas said that based on the first three days’ Mean of Platts Singapore (MOPS) average versus last week, diesel will likely see a rollback of P0.40 to P0.60 per liter and gasoline by P1 to P1.20 per liter. - Advertisement - Oil importers...