MANILA, Philippines — Diesel and gasoline prices are expected to go up again next week, as global oil supply continues to tighten due to developments in the Middle East and Russia, local oil industry sources said on Friday.
They said that diesel prices are expected to jump between P6 and P6.50 per liter, while gasoline is estimated to go up between P5.50 and P6 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 increased by P10.68 per liter, gasoline by up to P3.68 per liter.
