LOCAL oil industry sources announced that all fuel prices are seen to go down once more next week, due mostly to the Organization of the Petroleum Exporting Countries and its allies (OPEC+) announcing plans to increase June oil production and other global developments. They said that gasoline prices are estimated to go down from P0.30 to P0.75 per liter, and diesel prices are expected to drop between P1.00 and P1.35 per liter. Also, kerosene is expected to follow the same movements as sources said prices are forecasted to decline between P1.30 and P1.45 per liter.
