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.
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.
Kerosene will have a P1.30 to P1.60 per liter decrease.
Industry experts factored in anew the "sluggish domestic demand" in China due to the government's stringent COVID-19 restrictions.
China over the week loosened COVID-19 restrictions.
Over the year's course, gasoline prices have increased by P17.75 per liter, P33.85 per liter for diesel, and P26.85 per liter for diesel.
-- Report from Alvin Elchico, ABS-CBN News