Diesel, kerosene prices forecast to go up next week; gasoline rates to drop

ABS-CBN News

Posted at May 28 2022 03:55 PM

Motorists line up to buy fuel at a gas station in Mandaluyong City on March 22, 2022. George Calvelo, ABS-CBN News
Motorists line up to buy fuel at a gas station in Mandaluyong City on March 22, 2022. George Calvelo, ABS-CBN News

MANILA - Diesel and kerosene prices are estimated to increase, gasoline rates are expected to go down on Tuesday, according to industry estimates on Saturday.

  • Gasoline P1.70-P1.90/L (decrease)
  • Diesel P1.00-P1.20/L (increase) 
  • Kerosene P2.00-P2.20/L (increase) 

Price increases were seen this year due to the conflict between Russia and Ukraine. China's lockdowns are also usually factored in the prices in the trade market. – With reports from Alvin Elchico, ABS-CBN News