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Diesel, gasoline prices may drop as much as P2/liter next week

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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" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2022/news/11/19/20221010-oil-price-hike-md-9.jpg"/><figcaption>Motorists queue for fuel at a gas station in Pasig City on October 10, 2022</figcaption></figure></div><p>MANILA - Diesel and gasoline prices may drop as much as P2 per liter next week as industry experts forecast a third straight rollback in fuel prices on Tuesday. </p><p>Diesel prices will decrease by P1.70 to P2 per liter, while gasoline prices may see a P1.90 to P2.10 per liter reduction. </p><p>Kerosene will have a P1.30 to P1.60 per liter decrease. </p><p>Industry experts factored in anew the &quot;sluggish domestic demand&quot; in China due to the government&#x27;s stringent COVID-19 restrictions. </p><p>China over the week loosened COVID-19 restrictions. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/overseas/12/02/22/china-further-relaxes-covid-rules-after-protests">China further relaxes COVID-19 rules after protests</a></li></ul><p>Over the year&#x27;s course, gasoline prices have increased by P17.75 per liter, P33.85 per liter for diesel, and P26.85 per liter for diesel. </p><div><strong>RELATED VIDEO</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=2364785" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div><div><strong>-- Report from Alvin Elchico, ABS-CBN News</strong></div>

Diesel and gasoline prices may drop as much as P2 per liter next week, as industry experts forecast a third straight rollback in fuel prices on Tuesday. 