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NewsTranscript
00:00It is expected to see a rollback in the price of oil products next week.
00:05Up to P1.60 is the possible increase in the price of each liter of diesel,
00:10up to P1.20 in gasoline, and up to P1.65 in kerosene.
00:16According to the Oil Industry Management Bureau of the Energy Department,
00:20based on the four-day trading,
00:22the main reason for the possible rollback in oil prices
00:26is the weakening of global demand and possible oversupply.