Next week's fuel price outlook — Gasoline, diesel and kerosene expected to be cut on Tue, 11/17

Next week's fuel price outlook — Gasoline, diesel and kerosene expected to be cut on Tue, 11/17

📌 According to estimates released by industry sources and the Department of Energy (DOE) on Friday, November 13, fuel prices are expected to drop again next Tuesday, November 17, following this week's cut. Gasoline is expected to go down by 3–4 pesos per liter, diesel by 4–5 pesos, and kerosene by 6 pesos.

■ Next week's forecast
· Gasoline: down 3.00–4.00 pesos per liter
· Diesel: down 4.00–5.00 pesos per liter
· Kerosene: down 6.00 pesos per liter

■ Estimates by outlet
· Philstar (industry sources): gasoline down 3.00–4.00 pesos, diesel down 4.00–5.00 pesos, kerosene down 6.00 pesos
· DZRH (Department of Energy): gasoline down about 3 pesos, diesel down 5 pesos, kerosene down by as much as 6 pesos
· Manila Bulletin: diesel down by as much as 5 pesos, gasoline down by as much as 4 pesos
· Inquirer (Jetti Petroleum president Leo Bellas): diesel down 4–5 pesos

■ Causes and timing
· The continued decline in international oil product prices (Singapore MOPS) and eased concerns over Middle East tensions are behind the cuts.
· However, Philstar reported that crude oil prices rebounded slightly due to tensions in the Strait of Hormuz and the peso weakened to nearly 64 pesos per dollar, which partly reduced the size of the cuts.
· The Department of Energy said the figures may change depending on the final trading results in the international market. Oil companies' official announcements are expected on Monday, with the new prices taking effect the next day, Tuesday.

Actual gas station prices (Petron Quezon City) can be viewed every week in the fuel price section on the SeeQee home screen.

■ Sources
Philstar (11/13), Manila Bulletin (11/13), Inquirer (11/13), DZRH (11/13)

■ Photos
· 1. File photo · A gas station attendant standing next to a jeepney at a gas station — Philstar
· 2. File photo · A hand filling up fuel with a fuel nozzle — Manila Bulletin
· 3. File photo · A gas station attendant refueling a passenger car — Inquirer
· 4. File photo · Colorful fuel nozzles hanging on a fuel dispenser — DZRH