Fuel price rollback seen next week

After the long Holy Week trips, motorists will be greeted with slightly lower pump prices of petroleum products in the coming week.

In its weekly fuel forecast for April 23 to 29, Unioil Petroleum Philippines said the price per liter of diesel is expected to roll back by P0.10. Meanwhile, gasoline prices are expected to be unchanged.

Meanwhile, Jetti Petroleum said diesel prices may go down by P0.05 to P0.10 per liter while gasoline may have no movement or it may decrease by P0.05 per liter.

Local oil companies usually implement fuel price adjustments every Tuesday of the week.

Latest data from the Department of Energy showed gasoline prices range from P52.90 to P59.86 per liter, while diesel prices range from P41.94 to P46.25 per liter. —Ted Cordero/KG, GMA News