Oil firms are poised to implement a slight rollback in prices of diesel and kerosene while gasoline prices could go up by as much as P1 per liter this week.
Industry sources said diesel and kerosene rates may decrease by as much as P0.75 and P0.70 per liter, respectively.
LPG prices likewise appeared set to decrease by P2 to P3 per liter for a fourth straight month.
Gasoline prices, on the other hand, could go up by P0.70 to P1 per liter.
Effective July 26, fuel firms implemented a rollback in prices of gasoline by P0.40 per liter, diesel by P1.85 per liter, and kerosene by P1.30 per liter.
This brought the year-to-date total adjustments to stand at a net increase of P18.90 per liter for gasoline, P32.95 per liter for diesel and P28.05 per liter for kerosene.
Data from the Department of Energy from July 26 to 28 showed the price per liter of gasoline ranged from P67.40 to P77.81 in Quezon City, Metro Manila’s largest city.
Diesel, on the other hand, ranged between P74.05 and P77.75 per liter in Manila, the country’s capital.