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(From BusinessWorld (Philippines))
Byline: Iris Cecilia C. Gonzales
Oil companies should implement two more 50-centavo per liter fuel price cuts this month, industrialist and consumer advocate Raul T. Concepcion yesterday said.
The Independent Philippine Petroleum Companies Association (IPPCA), however, said the P1 per liter oil price rollback implemented last Nov. 7 may be the last for the month as gasoline and diesel prices have started going up after months of steady decline.
"There should be two more rollbacks in November because oil companies still have overrecovery. After that we'll see what will happen in December. Demand is going …