DOE: Fuel prices may slightly drop next week

Motorists can expect slight reductions in fuel prices next week according to the Department of Energy-Oil Industry Management Bureau Assistant Director Rodela Romero.

Gasoline prices may remain unchanged or drop by up to P0.10 per liter, while diesel and kerosene could see decreases ranging from P0.00 to P0.20 per liter.

Factors influencing these adjustments include rising oil demand from China and India and the impact of US President Donald Trump's tariffs on global markets.

Fuel companies typically announce official price changes every Monday with implementation starting the next day.

On Tuesday, February 11, oil companies may not change gasoline prices but will roll back diesel and kerosene prices by up to P0.20 per liter.