MANILA, Philippines — After a wave of increases, fuel prices are projected to go down next week as the global market reacts to the volatility in the Middle East, local oil industry sources said on Friday.
They said that diesel prices would roll back by around P0.50 to P1 per liter, gasoline by about P1 to P1.50 per liter.
These estimates are based on the 4-day trading of Mean of Platts Singapore the pricing basis of refined goods in Southeast Asia.
This week, diesel prices spiked by P7.30 per liter, while gasoline jumped by P6.80 per liter.
