ICYMI: A rollback of up to P3.70 per liter in the prices of petroleum products is expected next week.
MOPS, the daily average of all trading transactions of petroleum products in the Singapore trading hub, serves as the benchmark used in Southeast Asia, including the Philippines, in pricing fuel products.
“Bagamat hindi kagandahan yung kadahilanan kasi ang isang primary reason yun pa ring surge ng COVID sa mainland China ,” said Romero at the Laging Handa public briefing. “The other reason for the potential rollback next week if sustained until Friday trading is the price cap on the Russian crude ,” she added.
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