MANILA, Jan. 6 (PNA) — Consumers can still expect further adjustments in the prices of petroleum products this month, the Department of Energy said Monday.

Energy Secretary Angelo Reyes said that while the Dubai crude increased to US$ 60 per barrel last January 2, this will still keep prices of petroleum products lower for until the end of this month.

”On the Philippine side, we anticipate that this year, 2009, the conventional wisdom is that prices will hover between US$ 40 per barrel to US$ 60 barrel. Right now, it is within the vicinity of US$ 40 per barrel,” Reyes said. Read more. . .

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