A rollback in petroleum prices may be implemented next week following favorable trading trends, Energy Secretary Sharon Garin said.

Garin said early indicators from the past four days of trading suggest a potential decrease in fuel prices, although final adjustments have yet to be determined.

She noted that official figures would likely be available by Saturday, as one trading day remains before oil companies finalize their pricing adjustments.

“Based on the five-day average, the outlook so far looks good,” Garin said in an interview in Mandaluyong. “We’re hoping nothing adverse happens in the Middle East today, because that could still affect prices.”

The energy chief added that global developments, particularly geopolitical tensions, continue to play a significant role in oil price movements and may influence final computations.

Garin also addressed concerns over the discrepancy between previous oil price hikes and the expected rollback, emphasizing that price adjustments are not arbitrary.

She explained that oil companies follow a strict pricing mechanism based on international benchmarks and a five-day average trading computation, ensuring that any increase or decrease is properly justified.

“It’s not something oil companies just decide on their own. There is a basis, and it has to be justified,” she said.