THE price of fuel will go up yet again next week following a series of rollbacks as uncertainty over when the war between the United States and Iran continues.
Local oil industry sources said on Friday they see diesel going up by P1 to P2 per liter, and gasoline by P2 to P3 per liter.
The estimates are based on the trading of Mean of Platts, Singapore, the pricing basis of refined goods in Southeast Asia.
The sources said that geopolitical risks are pushing up the price of oil again as the Strait of Hormuz remains closed, and the US and Iran struggling to reach a peace deal.
This week, the per-liter price of diesel dropped by P12.94, and gasoline by 53 centavos per liter.
