According to the oil company, diesel prices are expected to decline by 20 to 30 centavos per liter, while gasoline prices are projected to decrease by 40 to 60 centavos per liter.

This comes after a P1.10 per-liter increase for gasoline and a P0.60 per-liter drop in the price of kerosene, implemented by oil companies on May 30. There was no change in the price of diesel.

The latest oil monitoring by the Department of Energy reveals that kerosene has experienced a year-to-date net decrease of P6.75 per liter, while diesel has seen a net decrease of P5.05 per liter.

Meanwhile, gasoline has recorded a net increase of P6.10 per liter.