PUMP prices of fuel are projected to drop by more than P0.40 per liter starting September 13, 2022, according to industry estimates.In a fuel forecast for September 13 to 19, Unioil Philippines said prices of petroleum could drop by as much as P1.40 per liter.Diesel prices are expected to go down by P1.20 to P1.40 per liter.Prices of gasoline should also drop by P0.40 to P0.50 per liter.On September 6, petroleum firms announced a P1.55 per liter price decrease for diesel and P2.60 per liter on gasoline following a big-time price hike in the previous week.The Department of Energy earlier said the fluctuation in oil prices on the global market was one of the factors influencing fuel costs because of the rise in demand in the United States and Europe and the impending supply shortage brought on by the Russian invasion of Ukraine. (SunStar Philippines)