Mixed movement in fuel prices seen next week | ABS-CBN

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Mixed movement in fuel prices seen next week

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MANILA — Fuel prices may have mixed movement by a small amount on the last week of May, according to the previous trading days this week.

Consumers are expected to observe the following price adjustment on May 27, Tuesday:

Gasoline:  P0.00 - P0.20/L increase

Diesel:       P0.10 - P0.30/L rollback 

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Kerosene: P0.30 - P0.50/L rollback 

For gasoline, though a P0.20 reduction was seen during these past trading days, this can easily be wiped out by premium and other additional costs.

Factors affecting the slight lowering of prices include the fresh nuclear talks between Iran and US. 

The fifth round of their negotiations concluded with no commitment from either side. The talks primarily seek to limit Iran's nuclear program, in exchange of lifting of some sanctions that US imposed.

This while US and China have reached a surprise truce amid the tariff war. — with a report from Alvin Elchico, ABS-CBN News

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