Motorists may expect another round of fuel price rollbacks next week, with gasoline, diesel, and kerosene prices all projected to decline, according to the Department of Energy (DOE).
Based on the latest estimates, gasoline prices could go down by around ₱3 per liter, while diesel may decrease by ₱5 per liter and kerosene by as much as ₱6 per liter.
The projected reductions follow easing concerns over tensions in the Middle East and developments in the global oil market following the results of the United States midterm elections.
The DOE said the latest estimates remain subject to changes depending on the outcome of the final trading session in the international petroleum market.
Meanwhile, fuel prices monitored by DZRH News at several gasoline stations ranged from ₱72 to ₱83 per liter for gasoline, while diesel prices stood between ₱89 and ₱92 per liter.
The anticipated rollback would provide some relief to motorists and transport operators following previous fluctuations in domestic petroleum prices.
The Philippines implements weekly adjustments in pump prices, typically every Tuesday, based on movements in international oil prices and the peso-dollar exchange rate.
Oil companies are expected to announce the final price adjustments on Monday, with the new prices taking effect the following day.
