Minimal oil price cut set April 8
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NewsTranscript
00:00After two straight weeks of price hikes, motorists are finally getting a bit of a breather at
00:05the pumps this week, with a modest rollback on fuel prices tomorrow, April 8.
00:11Gasoline prices will decrease by 10 centavos per liter, while kerosene will go down by
00:1550 centavos per liter.
00:17Meanwhile, diesel prices will not see any movement.
00:21This comes after two weeks of consecutive price hikes, which added 2 pesos and 50 centavos
00:27per liter to gasoline and 1 peso and 60 centavos for both diesel and kerosene.
00:32Year-to-date, fuel prices are still up 4.65 pesos per liter for gasoline, 4.45 pesos for
00:40diesel and 90 centavos for kerosene, according to the Department of Energy or DOE.
00:46Keeping the prices in check is among market concerns to include a potential global trade
00:51slowdown, raised U.S. tariffs across the globe, and the cost of refinery maintenance
00:57in China.