Diesel, gasoline prices seen sliding some more
MANILA, Philippines — Another round of price rollbacks for diesel and gasoline is expected next week, by as much as P19 per liter, amid hopes that the war in the Middle East is easing.
READ: US-Iran talks: What prevented a deal and what’s next?
Based on the first four trading sessions and foreign exchange rate averages this week, an industry source estimated that diesel prices could decrease anew by P17 to P19 per liter.
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READ: Oil price watch: Fuel prices down by as much as P23/liter this week
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Gasoline prices may also drop by P2 to P3 a liter.
Earlier this week, oil firms implemented price cuts of as high as P23 per liter after the United States and Iran agreed to a ceasefire. INQ
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