Diesel up 40-60 centavos, gasoline down 10-30 centavos next week

Motorists can expect mixed changes in pump prices next week with diesel projected to increase while gasoline may decrease, according to industry estimates and the Department of Energy (DOE).

Leo Bellas, president of Jetti Petroleum, said diesel prices are set to rise by 40 centavos to 60 centavos per liter, while gasoline could fall by 10 centavos to 30 centavos a liter.

Factors influencing these price movements include the unexpected fall in US crude inventory and uncertainties surrounding US trade policies, as cited by DOE Assistant Director Rodela Romero.

Kerosene prices are also expected to increase by around 20 to 40 centavos per liter, while diesel is projected to rise by approximately 50 centavos per liter.

Areas declared under a state of calamity will see a 14-day price freeze for LPG and kerosene products weighing 11 kilograms or less, excluding diesel and gasoline, starting from the local government units' declaration date.

Oil companies typically announce official price adjustments on Mondays, which take effect the following day.