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Department of Energy (DOE) Oil Industry Management Bureau Director Rino Abad said prices were falling because constraints on global supply seemed to be easing.
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"As of November 3, malaki na ho ang binago doon sa ine-expect eating undersupply. Bagkus baliktad na, by December magkakaroon raw ng konting oversupply," he told TeleRadyo Serbisyo.
If this pushes through, it will be the third weekly decrease in diesel and kerosene prices.
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