Big-time oil price rollback set todayJune 10, 2019 By: Edd Royes People's JoumalMORE oil firms announced their third consecutive price cuta for diesel and gasoline effective today due to thesignificant downtrend in global ol prices.PTT Philippines, Unioil Philippines, Total Philippines, Potro Gazz and Eastem Petroleum said they will rolback by P2.45 per literpremium and unleaded gasoline prices and P2.70 on diesel starting 6 a.m.Oi giants Pilipinas Shell, Petron Corporation and Chevron Philippines said they will also implement today the same priceadjustments on their gasoline and diesel products while a cut of P2.60 per liter for kerosene.Phoenix Petroleum implemented last Saturday a P2.60 price cut for gasoline and P2.70 on diesel to provide motorists a longerperiod to buy cheaper fuels while Seaoil Philippnes slashed its gasoline price by P2.45 per liter and P2.70 on diesel effective 12midnight yesterday.Before the latest rolibacks, according to the Department of Energy (DoE). the fuel prices have been ranging from P45.90 toP60.26 per liter for ganoline: P40.05 to P48.34 per liter, and P44.85 to P54.65 per liter tor kerosene."Concerns over the trade dispute between the United States and China may lead to an economic slowdown and reduced fuelconsumption outweigh supply concerns, the DoE stated in a monitoring report.From the givennews article, if theaverage price of gasoline is P60.26liter and there will be a P2.45 rollback,this represents% changeinprice. Round off your answer to twodecimals. No need to input the % sign.

Percentage change measures the change in value divided by the absolute value of the initial value.

From the given news article, if the average price of gasoline is P60.26 iter and there will be a P2.45 rollback, his represents _% change in orice. Round off your answer to two decimals. No need to input the % sign.

From the given news article, if the average price of gasoline is P60.26 iter and there will be a P2.45 rollback, his represents _% change in orice. Round off your answer to two decimals. No need to input the % sign.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Concept explainers

Product and Price Bundling

Product and price bundling is used as a marketing strategy by businesses, where complementary products and services are combined and sold as a package deal. This bundled price is usually less than the total price of the individual products if they were to be sold separately. When bundled and sold, each product is sold at a reduced price. Using a price bundling strategy helps increase the average revenue per user and also increases the engagement with the user. This happens as the perceived value of the bundled products is more than the individual products.

Question

Big-time oil price rollback set today
June 10, 2019 By: Edd Royes People's Joumal
MORE oil firms announced their third consecutive price cuta for diesel and gasoline effective today due to the
significant downtrend in global ol prices.
PTT Philippines, Unioil Philippines, Total Philippines, Potro Gazz and Eastem Petroleum said they will rolback by P2.45 per liter
premium and unleaded gasoline prices and P2.70 on diesel starting 6 a.m.
Oi giants Pilipinas Shell, Petron Corporation and Chevron Philippines said they will also implement today the same price
adjustments on their gasoline and diesel products while a cut of P2.60 per liter for kerosene.
Phoenix Petroleum implemented last Saturday a P2.60 price cut for gasoline and P2.70 on diesel to provide motorists a longer
period to buy cheaper fuels while Seaoil Philippnes slashed its gasoline price by P2.45 per liter and P2.70 on diesel effective 12
midnight yesterday.
Before the latest rolibacks, according to the Department of Energy (DoE). the fuel prices have been ranging from P45.90 to
P60.26 per liter for ganoline: P40.05 to P48.34 per liter, and P44.85 to P54.65 per liter tor kerosene.
"Concerns over the trade dispute between the United States and China may lead to an economic slowdown and reduced fuel
consumption outweigh supply concerns, the DoE stated in a monitoring report.
From the given
news article, if the
average price of gasoline is P60.26
liter and there will be a P2.45 rollback,
this represents
% change
in
price. Round off your answer to two
decimals. No need to input the % sign.

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