MANILA, Philippines — Diesel and gasoline prices are expected to go up again for the 5th time next week due to the tensions between US and Iran, and the tightening of oil supply because of demand changes, local oil industry sources said on Friday.
They said that diesel will increase between P0.50 to P0.70 per liter, whole gasoline prices will go up by around P1.40 to P1.60 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, all fuel prices increased as gasoline prices went up by P0.60 per liter, and diesel prices by P1.00 per liter.
