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Oil prices to go down this week Danessa Rivera © STAR/File Oil prices to go down this week MANILA, Philippines After three consecutive weeks of increases, oil prices will have minimal price cuts this week. In its advisory, Unioil Philippines said oil prices are expected to go down this week. “Diesel should go down by P0.10 to P0.15 per liter. Gasoline should go down by P0.15 to P0.20 per liter,” it said. The price rollback comes after concerns over increasing COVID-19 cases weighed on demand. In a report, Reuters said global oil prices retreated from 11-month highs hit last week, weighed down by worries that new pandemic restrictions in China will curb fuel demand by the world’s biggest oil importer.

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