As much as P5/liter cut in pump prices seenJeepneys ply Rizal Avenue in Caloocan yesterday as commuters continue their daily travel despite rainy weather. MANILA, Philippines — Fresh hopes for a US-Iran deal could bring relief to motorists next week, with pump prices expected to go down by as much as P5 per liter. “The stronger peso this week against the US dollar helped put more downward pressure on domestic prices,” Bellas said. Still, oil prices remain supported by strong demand and tighter supply, with ongoing disruptions to Middle East exports limiting crude availability for Asian refiners. “Continued supply disruptions and conflicting political statements from the US and Iran are keeping prices volatile, with increasing upside risk,” Bellas said.