Diesel, kerosene prices may drop by as much as P2 in latest forecast

ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="Motorists queue for fuel at a gas station in Pasig City on October 10, 2022. Mark Demayo, ABS-CBN News" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2023/business/03/18/20221010-oil-price-hike-md-3.jpg"/><figcaption>Motorists queue for fuel at a gas station in Pasig City on October 10, 2022. <em>Mark Demayo, ABS-CBN News</em></figcaption></figure></div><p>MANILA (UPDATED) - Diesel and kerosene prices may drop by as much as P2 per liter as experts forecast a drop in fuel prices on Tuesday, March 21. </p><p>Diesel prices may drop by as much as P1.70-P2.00 per liter, while kerosene may take the largest cut at P1.90 to P2.20 per liter.</p><p>Gasoline prices will take the smallest cut at P1.20-P1.50 per liter. </p><p>This comes after a huge increase in gas and kerosene prices last week, stemming from the increasing demand in China and concerns over the supply of oil coming from Russia. </p><p>According to analysts, the closure of some major banks in America contributed to fears of global recession, which can also factor movement in oil prices. </p><p>However, the trend may still change in the following weeks as the demand for oil picks up in China anew. </p><div><strong>-- Reports from Alvin Elchico, ABS-CBN News</strong></div>

Diesel and kerosene prices may drop by as much as P2 per liter as experts forecast a drop in fuel prices on Tuesday, March 21. 

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Diesel, kerosene prices may drop by as much as P2 in latest forecast

Diesel, kerosene prices may drop by as much as P2 in latest forecast

ABS-CBN News

Published Mar 18, 2023 12:47 PM PHT

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Updated Mar 18, 2023 05:13 PM PHT

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