Motorists may see mixed movements in petroleum prices next week, the Department of Energy's Oil Industry Management Bureau said Friday.

Based on the first three trading days, a slight rollback in pump prices is possible, although these could be offset by premiums and other added costs.

Forecasts for the week are as follows:

• Gasoline: no change to an increase of P0.40 per liter

• Diesel: rollback of P0.20 to an increase of P0.30 per liter

• Kerosene: no change to a rollback of P0.10 per liter

The possibility of price hikes is linked to easing tariff concerns between the United States and European Union, as well as rising geopolitical tensions in oil-producing nations.

Expected rollbacks, meanwhile, are driven by OPEC+’s decision to increase production by 411,000 barrels per day starting July, along with signs of an economic slowdown in Asia and changing energy priorities in countries like India.

Oil companies are set to announce official price adjustments on Monday, which will take effect the following day.

As for liquefied petroleum gas or LPG, the DOE noted that its pricing follows a separate schedule. Unlike pump prices, LPG rates are adjusted only once a month, every first day of the month.