Here is a rewritten version of the blog post with a polished and professional tone Title Fuel Prices Anticipated to Roll Back Next Week A Welcome Relief for Motorists The Philippines is set to experience a much-needed respite as fuel prices are expected to experience a rollback next week, bringing relief to motorists who have been grappling with rising costs. According to industry sources, gasoline prices are anticipated to remain steady or drop by approximately P0.30 per liter, while diesel prices could decrease by P0.20 to P0.50 per liter, and kerosene prices may be reduced by P0.10 to P0.25 per liter. This anticipated rollback is largely attributed to global oil-related developments, including Saudi Arabia's decision to increase the price of its crude for Asian buyers in response to rising demand from China and India. This move has led to a decrease in fuel prices in Southeast Asia, including the Philippines. Director Rodela Romero of the Department of Energy's Oil Industry Management Bureau (DOE-OIMB) explained that the expected rollback is based on the 4-day trading in Mean of Platts Singapore (MOPS), which serves as the pricing basis for refined goods in Southeast Asia. We expect either a mixed movement again or total rollback for next week in the prices of petroleum products, she said. Jetti Petroleum president Leo Bellas also confirmed the expected price movement, citing global oil-related developments such as US President Trump's decision to hold off imposing steep tariffs on Mexico and Canada, the rise in Saudi Arabian crude prices for Asian buyers, weak demand concerns in the US, and concerns about a possible disruption of supply from Iran. This positive news comes after local oil companies implemented mixed price adjustments earlier this week. On Tuesday, diesel prices dropped by P1.15 per liter, while gasoline prices went up by P0.70 per liter. Kerosene prices also decreased by P0.90 per liter. In related news, the highly anticipated fuel subsidy program for public utility vehicle (PUV) drivers and operators has officially begun. The program aims to ease the financial burden on transport workers amid rising fuel costs and is expected to complete its full distribution by the second quarter of 2025. Keywords Fuel prices, rollback, gasoline, diesel, kerosene, Mean of Platts Singapore, Saudi Arabia, global oil-related developments, Department of Energy's Oil Industry Management Bureau.

Here is a rewritten version of the blog post with a polished and professional tone Title Fuel Prices Anticipated to Roll Back Next Week A Welcome Relief for Motorists The Philippines is set to experience a much-needed respite as fuel prices are expected to experience a rollback next week, bringing relief to motorists who have been grappling with rising costs. According to industry sources, gasoline prices are anticipated to remain steady or drop by approximately P0.30 per liter, while diesel prices could decrease by P0.20 to P0.50 per liter, and kerosene prices may be reduced by P0.10 to P0.25 per liter. This anticipated rollback is largely attributed to global oil-related developments, including Saudi Arabia's decision to increase the price of its crude for Asian buyers in response to rising demand from China and India. This move has led to a decrease in fuel prices in Southeast Asia, including the Philippines. Director Rodela Romero of the Department of Energy's Oil Industry Management Bureau (DOE-OIMB) explained that the expected rollback is based on the 4-day trading in Mean of Platts Singapore (MOPS), which serves as the pricing basis for refined goods in Southeast Asia. We expect either a mixed movement again or total rollback for next week in the prices of petroleum products, she said. Jetti Petroleum president Leo Bellas also confirmed the expected price movement, citing global oil-related developments such as US President Trump's decision to hold off imposing steep tariffs on Mexico and Canada, the rise in Saudi Arabian crude prices for Asian buyers, weak demand concerns in the US, and concerns about a possible disruption of supply from Iran. This positive news comes after local oil companies implemented mixed price adjustments earlier this week. On Tuesday, diesel prices dropped by P1.15 per liter, while gasoline prices went up by P0.70 per liter. Kerosene prices also decreased by P0.90 per liter. In related news, the highly anticipated fuel subsidy program for public utility vehicle (PUV) drivers and operators has officially begun. The program aims to ease the financial burden on transport workers amid rising fuel costs and is expected to complete its full distribution by the second quarter of 2025. Keywords Fuel prices, rollback, gasoline, diesel, kerosene, Mean of Platts Singapore, Saudi Arabia, global oil-related developments, Department of Energy's Oil Industry Management Bureau.