The Department of Energy (DoE) said on Friday that fuel prices may roll back next week after consecutive weeks of price hikes, as the United States and Iran enter a two-week ceasefire.
“Based on the trend within the past four days, there is a rollback,” Energy Secretary Sharon S. Garin said in Filipino during a press briefing.
However, she noted that the decrease in fuel prices depends on how global price trends develop on Friday evening. Official figures are likely to be determined by Saturday, after the last trading day of the week.
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