MOTORISTS may expect lower fuel pump prices this week, according to the Department of Energy (DOE).
DOE-Oil Industry Management Bureau director Rino Abad said in an interview with Super Radyo dzBB that prices of diesel and kerosene are expected to go down by P2.20 to P2.90 per liter.
However, adjustments to gasoline prices are still not certain.
If adjusted, the agency said there would only be minor increases or decreases in the prices of gasoline products.
An oil industry source, meanwhile, said the price reductions may range from P2.50 to P3 per liter for diesel and from P2.30 to P2.80 per liter for gasoline.
Pump prices for petroleum products rolled back on May 2, marking the second straight week of downward adjustments. (GMA Integrated News)
