Bigger price cut for diesel seen
MANILA, Philippines — Motorists may see a bigger reduction in diesel prices than previously expected, as well as a slight rollback in gasoline prices this coming week.
Unioil, in its fuel price forecast yesterday, said diesel could go down by P3.80 to P4.00 per liter, while gasoline could either have no price change or a rollback of P0.15 per liter.
The expected decrease in diesel is higher than the earlier forecasted reduction of between P2.50 to P3 per liter as of Friday.
As for gasoline, Friday’s estimates of industry players pointed to no adjustment to a P0.50 per liter increase.
This would be the third consecutive week of rollbacks if the projected decline in prices of fuel products pushes through.
Oil firms will announce tomorrow the final price adjustments, which will take effect on Tuesday.
Last week, oil companies implemented a P0.45 per liter decrease in gasoline, P1.45 per liter for diesel and P1.70 per liter for kerosene.
These has resulted in a year-to-date net increase of P16.50 per liter for gasoline, P34.80 per liter for diesel and P29.90 per liter for kerosene, based on data from the DOE.
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