Diesel prices are expected to post another major rollback this week following easing tensions in the Middle East and softer global oil trading.
Industry estimates showed diesel prices could drop by as much as P7 to P9 per liter on May 12, potentially pulling pump prices in Metro Manila down to as low as P70 per liter for regular diesel products.
Kerosene prices are also expected to decline sharply, while gasoline may register a slight increase.