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Petroleum price cuts seen next week.
Byline: Ronnel W. Domingo
INDUSTRIALIST Raul Concepcion disclosed yesterday that consumers should expect another round of fuel price cuts on Monday, saying the country's oil companies were still short of implementing a roll back of 84 centavos a liter.
Concepcion, who chairs the private sector Consumer and Oil Price Watch, said effecting the price reduction due for December would be a good Christmas treat for the public.
"Oil companies still owe consumers 17 centavos due in November (since the last price cut was only 30 centavos)," he told reporters.
He said a further 67-centavos-a-liter rollback was due this month as average crude prices …
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