DOE: Oil prices expected to drop by more than P2/liter on Tuesday

Motorists may expect lower fuel pump prices in the coming week, according to the Department of Energy (DOE) on Friday.

DOE-Oil Industry Management Bureau Director Rino

Abad said that prices of diesel and kerosene are expected to go down by more than P2 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.

Pump prices for petroleum products rolled back on Tuesday, marking the second straight week of downward adjustments.