Diesel may drop by P7/liter next week

Diesel may drop by P7/liter next week

MANILA, Philippines — Local fuel prices may drop next week, September 29, as optimism grows for a supply increase and a potential renewal of peace talks between the United States and Iran. In an advisory on Friday, Jetti Petroleum president Leo Bellas said P7 may slash diesel to P7.50 per liter. Gasoline prices may also dip by 50 centavos to P1 per liter. READ: Iran offers to reopen Hormuz strait within 7 days in push for diplomacy “Oil prices fell on diplomacy hopes in the Iran war during this