Price cut for gasoline, hike for diesel expected next week

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Metro Manila (CNN Philippines, September 30) — Gasoline prices may go down beginning Tuesday, while motorists may have to slightly shell out more for diesel.

Unioil on Saturday said it expects gasoline to cost ₱1.80 to ₱2 less per liter, and diesel prices to rise by 20 to 40 centavos per liter.

Another industry source, meanwhile, estimates a price cut of ₱2.10 to ₱2.50 for gasoline, and an increase of 10 to 50 centavos for diesel.

Oil firms implemented a minimal price rollback this week.

The price adjustments have resulted in a year-to-date, per-liter net increase of ₱17.30 for gasoline, ₱13.40 for diesel, and ₱9.44 for kerosene, according to the Department of Energy.