Philippine fuel prices will decrease next week

Fuel prices are projected to decrease for a second consecutive week, according to industry estimates released on Saturday. Diesel prices may drop by up to P1 per liter, while gasoline could see a reduction of up to 40 centavos. Jetti Petroleum and the Department of Energy both anticipate the price rollbacks. Gasoline prices could fall by 30 to 75 centavos per liter, with diesel and kerosene potentially decreasing by P1 to P1.45 per liter. These potential price cuts are linked to OPEC+ increasing oil production and global trade tensions. The adjustments would provide some relief to consumers at the pump.