Manila, Philippines — Motorists can expect good news next week as fuel prices are projected to decrease significantly.
Based on the latest trading movements in the world market, diesel prices may go down by as much as ₱7.70 per liter.
Gasoline prices are also expected to drop by around ₱4.30 per liter, while kerosene may see a rollback of approximately ₱8.80 per liter.
According to oil industry sources, the anticipated price reduction is due to the decline in global oil prices.
Meanwhile, the Department of Energy (DOE) is expected to release the official and final fuel price adjustment announcement on Monday, before oil companies implement the changes the following day.