MANILA, Philippines — Diesel and gasoline prices are expected to increase again next week, as the market continued to react to geopolitical tensions and colder weather, local oil industry sources said on Friday.
They said that diesel prices will go up by around P0.80 to P1.00 per liter, while gasoline prices will increase by around P0.30 to P0.50 per liter.
These estimates were based on the 4-day trading of Mean of Platts, Singapore, the pricing basis of refined goods in Southeast Asia.
On February 3, diesel prices went up by P1.60 per liter and gasoline by P0.80 per liter.
