PUMP prices of petroleum products are expected to roll back in the coming week, according to oil industry projections.
In a report by GMA News Online, the price per liter of diesel may be slashed by P0.40 to P0.60.
Gasoline prices, meanwhile, may be rolled back by P0.10 to P0.20 per liter.
Another industry source said the running trend as of September 21 shows an estimated reduction of P0.10 per liter for gasoline and P0.60 decrease for diesel.
Department of Energy-Oil Industry Management Bureau Assistant Director Rodela Romero said, “After series of increases on the prices of petroleum products, we will be expecting mixed movements based on the four-day trading, such as, for gasoline is no movement or a little of increase or rollback, [while] diesel and kerosene have a high chance for rollback ranging from P0.50 to P0.75 per liter.”
However, the actual price adjustments could still change depending on the results of Friday’s trading.
“This adjustment is attributed to the warning of the US Federal Reserves on higher interest rates, although expectations of tight supply still presented a positive outlook for crude,” she said.