Fuel prices see mixed changes: Gas up to P0.20, diesel down to P0.30

Motorists can expect mixed changes in fuel prices this week as announced by Philippine fuel retailers.

According to the Department of Energy-Oil Industry Management Bureau Assistant Director Rodela Romero, gasoline prices may increase by up to P0.20 per liter, while diesel is expected to see a rollback of up to P0.30 per liter and kerosene could decrease by P0.50 per liter.

Factors contributing to the price adjustments include progress in US-Iran nuclear talks and cooling trade tensions between the US and China.

Fuel firms typically announce price changes every Monday for implementation the following day.

On Tuesday, May 27, oil companies announced significant hikes last week, raising diesel prices by P1.70 per liter and gasoline and kerosene prices by P1.20 per liter, but this week's adjustments are expected to be more moderate due to ongoing international developments.