thanks for the oil price roll back!

Philippines
November 29, 2008 12:52am CST
i am a little bit glad about the almost weekly rollback made by the oil company here in our country (philippine). do you think our economy can survive? do you think the price of goods will make a rollback soon? i hope so.
7 responses
@alena824 (376)
• Philippines
1 Dec 08
It certainly is a relief that gasoline prices are not going through the roof any more. The current level is acceptable and any more rollbacks will definitely be welcome. However, I seriously doubt that prices of goods and commodities will also decrease. We all know that it's an excuse for traders and retailers to jack up their prices when oil prices are sky-high but they seem to get amnesia when prices of crude decrease in the world market. Anyway, let us just be grateful for small blessings. Will our economy survive? The oil crisis? Yes. The corruption within government? Nope.
@maroseqf (3657)
• Philippines
30 Nov 08
Well, I was quite surprised to know that the gasoline decreased its price for 6 pesos since I was used to just a peso decrease. I am really glad about the rollback and I hope that transportation fares would also decrease so our commuters will also benefit from the said decrease. I think it will take some time for the prices of commodities to decrease since some people especially the suppliers will be against it or will have a strong contest to it. Well, it is just bad because inspite of the decrease in oil prices, dollar to peso exchange rates start to go higher.
@aseretdd (13709)
• Philippines
29 Nov 08
Well... this was certainly good news for every Filipino... since almost 99% of us depend on transportation run by diesel and gasoline... i just hope they will decide on a fare rollback... because the last one was only for .50 centavos... and some drivers hasn't even implemented that yet... I don't think prices of goods will decrease... but for sure the inflation rate will not be as high as it should be if oil prices did not decrease...
@allen0187 (32597)
• Philippines
29 Nov 08
the series of oil price rollbacks are really a welcome relief to all of us filipinos. i do hope that the oil prices continue to be more affordable. also, a fare cutback and the lowering of prices of basic commodities is expected since oil prices have been lowered. i know the christmas season is upon us and prices will go up as the market dictates it but it is common sense to see lower prices in basic commodities because of the oil price rollbacks. anyway, i just can't help it but there's a part of me that says that the oil price cuts are a part of a conspiracy to keep the attention of the masses away from the charges of graft and corruption being levied against gma. i feel that these oil price rollbacks are being used to cover up all the mess the pseudo government of gma is in like the fertilizer scandal. just my thoughts.
@dong1970 (1573)
• Philippines
29 Nov 08
I am so happy hearing from News that oil price is roll back and hoping also for the prime commodities will be roll back also and the transportation fare on major public transport will do the same.It is a great good news for us who suffer from this oil price increase.
@noelcruz (324)
• Philippines
29 Nov 08
hope so, hope this will trigger a domino effect, rollback on oil prices then roll back on fare and other commodities. Happy mylotting!!
• Philippines
29 Nov 08
oil price rollbacks are indeed good news and though we may not be sure if it can cut down the price of other commodities, it will certainly keep them from going up. enjoy the weeekend