Gasoline up by up to P5/L, diesel down by up to P9/L next week — oil sources

Motorists may face mixed fuel price adjustments next week, with gasoline prices expected to increase while diesel may see a significant rollback, according to oil industry sources.

A report on "24 Oras Weekend" on Saturday said gasoline prices could go up by as much as P5 per liter, while diesel prices may go down by as much as P9 per liter.

If implemented, the movements would bring relief to diesel users but higher costs for gasoline consumers.

Oil industry sources said the adjustments remain subject to change depending on developments in global oil trading and possible intervention or directives from the Department of Energy (DOE).

The DOE has yet to issue an official statement on the expected price changes.

However, the DOE–Oil Industry Management Bureau earlier indicated that a large diesel and kerosene rollback, alongside a possible gasoline price increase, remains within the range of expected movements based on current market trends.—Jamil Santos/MCG, GMA News