THE Department of Energy said that the possibility of another rollback for the prices of petroleum products is a big probability.

According to the DOE, they are seeing a slight decrease in the third week of November.

"Base sa estimate na nakita natin, sa gasoline, diesel, and kerosene, either walang movement o may rollback na less than 50 centavos," Oil Industry Management Bureau Director III Rodela Romero said. 

Romero explained that oil prices fell earlier in November due to the demand from major consumers China and the US weakened.

"Pero na-counter agad ito ng announcement ng OPEC (Organization of the Petroleum Exporting Countries) na maganda naman daw ang demand," she told TeleRadyo Serbisyo in a radio interview.

"Tapos ang IEA (International Energy Agency), ang forecast nila, tumataas din ang demand kasi pumapasok na naman sa eksena si India. Dati naman talagang mataas ang requirement ni India," the official added.