Next Tuesday will see the next round of oil price reductions

Welcome back to our weekly fuel price updates!

This coming Tuesday, oil companies in the country are expected to lower fuel prices once again. However, according to experts, the decrease won’t be as significant as the last fuel adjustment.

Diesel is expected to see a price cut of 20 to 40 centavos per liter, while kerosene may drop by 40 to 60 centavos per liter. However, for gasoline, a price reduction may not happen this week, and if it does, it could be around 20 centavos or less.

The slight shift in the global economy is seen as the primary driver of the current price movement, along with the ongoing balance between supply and demand.