Unioil expects diesel price to drop by P10, gasoline by P5 | Inquirer News
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Unioil expects diesel price to drop by P10, gasoline by P5

/ 02:53 PM March 19, 2022
pump prices to go down

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MANILA, Philippines — Unioil is expecting a big-time rollback in prices of diesel and gasoline next week.

In an advisory, Unioil said diesel prices may decrease by P10.70 to P10.90 per liter.

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Meanwhile, the price of gasoline may drop by P5.10 to P5.30 per liter.

Local pump prices currently range from P70 to P80 per liter, depending on the grade.

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Energy Secretary Alfonso Cusi earlier said that if the current trading trend is sustained, local prices could drop by at least P12 a liter for diesel and P5 for gasoline next week.

“We are really expecting a huge decrease next week… Hopefully with the trend, if it continues to be like that, then the price will continuously go down,” Energy Undersecretary Gerardo Erguiza Jr. likewise said.

/MUF

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TAGS: diesel, Fuel, gasoline, Oil price hike, pump prices, Unioil
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