Attention, motorists! A second round of price rollbacks for petroleum products is expected next week, according to the Department of Energy (DOE).

According to Rodela Romero, Assistant Director at the DOE Oil Industry Management Bureau, gasoline prices are anticipated to decrease by P1.40 to P1.70 per liter, diesel by P0.90 to P1.20 per liter, and kerosene by P1.50 to P1.70 per liter.

She attributed the rollback to the buildup of commercial crude oil in the United States and plans by the Organization of the Petroleum Exporting Countries to increase their output next month.

Tariff adjustments in China, Canada, and Mexico are also expected to impact prices amid the ongoing global trade conflict.

The DOE, however, noted that the estimate is based on a four-day global trade cycle and may change by the end of the trading day.