Diesel and gasoline prices are expected to drop by more than P1 a liter on Tuesday.
Diesel prices should go down by P1.20 to P1.40 per liter, and gasoline by P1.40 to P1.50 per liter on Tuesday, May 2, until May 8, Unioil Petroleum Philippines said Saturday.
The Department of Energy’s oil price monitoring on April 25 showed a year-to-date net decrease in local diesel prices by P3.05 per liter.
However, gasoline had a net increase of P7.55 per liter as of April 25, the DOE said.*