Up to P11 rollback seen for diesel; gasoline prices may rise

A major rollback in diesel prices is expected next week, according to industry estimates.

In a "24 Oras Weekend" report on Saturday, oil industry sources projected a decrease of up to P11 per liter for diesel.

However, gasoline prices may either remain unchanged or increase by P0.95 to P2 per liter, the same sources said.

Meanwhile, the Department of Energy (DOE) said it has secured more than 21,000 metric tons of liquefied petroleum gas (LPG) from the United States.

The shipment is expected to arrive between May 20 and May 31.—Jiselle Anne C. Casucian/MCG, GMA News