{"id":191187,"date":"2018-11-26T04:28:02","date_gmt":"2018-11-26T09:28:02","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=191187"},"modified":"2018-11-26T04:28:03","modified_gmt":"2018-11-26T09:28:03","slug":"another-big-time-oil-price-rollback-greets-motorists","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/11\/26\/another-big-time-oil-price-rollback-greets-motorists\/","title":{"rendered":"Another big-time oil price rollback greets motorists"},"content":{"rendered":"<figure id=\"attachment_182058\" aria-describedby=\"caption-attachment-182058\" style=\"width: 960px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/09\/refuel-2157211_960_720.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-182058\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/09\/refuel-2157211_960_720.jpg\" alt=\"\" width=\"960\" height=\"637\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/09\/refuel-2157211_960_720.jpg 960w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/09\/refuel-2157211_960_720-300x199.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/09\/refuel-2157211_960_720-768x510.jpg 768w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/09\/refuel-2157211_960_720-20x13.jpg 20w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/a><figcaption id=\"caption-attachment-182058\" class=\"wp-caption-text\">Several oil firms announced rollbacks of PHP2.30 per liter on diesel and PHP1.10 per liter on unleaded gasoline effective 6 a.m. Tuesday, although some companies beat them to the punch by rolling back on Monday. (Pixabay photo)<\/figcaption><\/figure>\n<p><strong>MANILA<\/strong>\u00a0&#8212; Local oil companies are all set to implement another big-time rollback in pump prices early this week.<\/p>\n<p>Several oil firms announced rollbacks of PHP2.30 per liter on diesel and PHP1.10 per liter on unleaded gasoline effective 6 a.m. Tuesday, although some companies beat them to the punch by rolling back on Monday.<\/p>\n<p>This will be the seventh consecutive week that oil firms will be cutting prices of liquid fuels.<\/p>\n<p>According to the Department of Energy (DOE), United States-Energy Information Administration (EIA) data of crude inventories grew further during the last eight weeks.<\/p>\n<p>US gasoline stocks remained sufficient and Asian gasoil remained stable on medium demand and ample supply.<\/p>\n<p>On the other hand, International Energy Agency (IEA) said oil-producing countries are increasing their output, with stock-building of 0.7 million barrels per day in the fourth quarter of the year.<\/p>\n<p>\u201cAlready, OECD (Organization for Economic Co-operation and Development) stocks have increased for four months in a row, with products back above the five-year average. In first half of 2019, based on our outlook for non-OPEC (Organization of the Petroleum Exporting Countries) production and global demand, and assuming flat OPEC production,\u201d the IEA noted.<\/p>\n<p>It was explained that the sufficiency of petroleum products available in the international market has relieved price pressures, causing prices to fall just as quickly as they spiked.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u00a0&#8212; Local oil companies are all set to implement another big-time rollback in pump prices early this week. Several oil &hellip;<\/p>\n","protected":false},"author":44,"featured_media":182058,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-191187","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-kris-crismundo","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/191187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=191187"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/191187\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/182058"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=191187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=191187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=191187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}