Oil prices down by 5 pesos...

I think this is a good move that they just roll it back. With these good developments I think we should clamour for a rollback in public transpo fares as I think they already got what they want.

Hi aseretdd.Iguess its just too early to rejoice over the decrease in oil prices.Everybody is adopting a wait and watch policy now and trying to recover frthe eh after math of the econmy crisis.......Our government too ahs not decreased theoil prices yet........sigh...

Hello aseretdd, As I am driving a car everyday, it does affect me. Before the economic crisis, we paid RM1.92 per litre. When the price of oil went up to more than USD100 per barrel, we paid RM2.70 per litre and that was quite a trouble for most of us. I use an average of RM15 worth of petrol daily. In September, the government decided to review the oil price every month and our oil price went down four times from RM2.70 to RM2.45 in September, RM2.30 in October and just a day ago, it went down to RM2.15. I hope soon the government can review it once more and it will go back to the previous price at RM1.92 or better, even lower than that!

hi... i have heard it on the news as well but you know what the problem is? the rollback was on the news but the gas station itself have only made a P2.00 rollback. I heard it from the jeepney drivers complaining on the morning after it was announced. They said that the announcement is misleading the public, for press release sake but the reality is far from the truth. I just don't know if the gasoline station owners in our area have made any adjustment.

BAM! I hope it stays that way until November when our monthly remittance from our parents comes. Haha! Then I'll put Php2k worth of gas on the van...Heehee.

I have noticed that also. Now diesel cost only 40 and unleaded 46.09. It is really great news especially to commuters and drivers. Now there is a news that transportation fare will decrease to 0.50. I thought that here in our country the oil prices are too high compare to other countries. I read one discussion here about gas also in tenneesse their oil price range from $2.49 seems too high.

I watch the news on a daily basis so I could say that I'm fully aware about this issue regarding the prices of oil getting cheaper. This is quite good especially for those who have their own cars or vehicles which they use to go to and from a location. This is also great for public utility vehicles who earn their living through this. But personally, I don't have a car and I have no choice but to take the public transport everyday. I just wish that the transportation fares would also go down in the coming days. It has been reported that the fares for jeepneys would decrease by fifty centavos and one peso on buses starting on Tuesday next week (Nov. 4). Unfortunately, I take an fx everyday on my way to the office. I'm not sure if the operators and drivers association of fx will come up with the decision of lowering their rates but I do hope that they would, too.

wow this is one great news. this will be a big help to everyone rich or poor. will there be a roll back on the fare as well. i hope it does have the commuters should have there money back as well given that our current status in our economy is not so good. i just hope it improves before the year ends.

A good news that oil prices down by 5 pesos ang i am just hoping also for a fare rollback.

I do not care that much on oil price hikes since none in the family owns a car and we are not directly affected if the oil prices increase or decrease. But I must admit it is a good news that oil price rollback is very much needed nowadays that almost everyone goes home for the Halloween season.

actually i saw online news, just the heading, i didn't read the full content. but it is very good to hear. thanks for the information yar.. good news from you.. so others should reduce the price of oil, i think so!

hi, yes it is long been awaited. Having a car now a days really is a big thing. Not to mention all the maintenance we have to take but the Gasoline is a real big issue. I am praying that all these Oil company will continue to drop its price since the world market price in oil is really decreasing. Well maybe now they do not have any reason not to give the one time P5 drop. And maybe they are expecting a big sales right now because of All saints day celebration. Many will be using their car at this time..( and they are right )...nice discussion...

wow... that's really a good news to all of us...my hubby would be feeling great for this rollback... :)

the whole world is suffering from the financial crisis. who knows what will happen.

i dont own a car but i always look at the gas station to see if the prices will give me a smile or a headache. this past few months oil prices made us crazy for the maximum raise in prices. now that it is slowly going down is a nice sight. i just wish that the pamasahe will go down too . it is really good to see that the oil prices are going down hope it goes down more

[i]HI aseretdd, I have seen the news and glad about it and hopefully,the commuters will be given some rollback also in their fare..that is a great news for everyone, at least we have some good news even in this midst of crisis and a lot of political problems in our COuntry![/i]

The way gas prices fluctuate lately, we don't know whether we are coming or going. Sometimes we drive by a gas station on the way to the grocery story and it has one price and when we come back the price has gone up or down 10 cents or more, it seems.

I think that was one of the good things in the Oil prices of the Philippine market and I do think that it would go down for more for here in Kuwait the Oil is down in the Stock Market......

Oh yes, the fare in my city has also gone down by 50 centavos since last week and I hope it's going to decrease more but there are still drivers who don't give exact change especially those without the tariff yet but I always tell them that the fare has decreased and so is the gasoline. And also I can buy gasoline for 20 pesos now for the motorcycle unlike when gasoline was more than 50 that the stations don't allow 20 pesos gasoline.

Did the oil prices really go down by 5 pesos? If so then it is amazing. Here in the U.S. oil prices are constantly going up and only decline like 1 cent once in a while. Back in the 1900's oil prices were like 99 cents per gallon! But now it increased drastically! The economy in the U.S. is also very bad. Everything is really expensive!