Gasoline, diesel, kerosene prices set to drop next week

Motorists will see another round of price relief in the second week of March, with anticipated reductions ranging from P1.40 to P1.70 per liter for gasoline and P0.70 to P1.20 for diesel.

Kerosene is also expected to decline by around P1.50 to P1.70 per liter, influenced by US crude oil stockpiles and OPEC+'s plan to boost outputs in April.

Fuel companies typically announce official price adjustments every Monday, with the latest rollbacks effective March 4, reducing gasoline prices by P0.90 per liter, diesel by P0.80, and kerosene by P1.40.

Jetti Petroleum president Leo Bellas noted that US tariffs could slow down the economy and lower fuel demand, contributing to potential price declines.

Liquefied petroleum gas (LPG) prices had a minimal decrease of P1.20 per kilogram throughout March.