Remate Express

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Diesel, kerosene pump price to go up; gasoline sees rollback or no movement

By: Catherine Cueto

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ROLLBACK is over as motorists are expected to fill their tanks anew with prices of diesel and kerosene expecting to rise.

 

Gasoline prices on the other hand may either remain the same or go down.

 

According to the four-day trading, Assistant Director Rodela Romero of the Department of Energy (DOE) Oil Industry Management Bureau said gasoline may have no movement or have a rollback of P0.10 per liter.

 

On the other hand, diesel will have an increase of P0.20 to P0.40 per liter. Kerosene is expecting an increase of anywhere between P0.35 to P0.50 per liter

 

Romero said that this is because f the cuts in the production by the OPEC+ which will be officially announced.

 

It is also the increase and buildup in weekly US crude inventories.