MANILA, Philippines — Diesel prices are estimated to go down while gasoline is expected to increase next week as global markets continue to react to developments in the Middle East, local oil industry sources said on Friday.
They said that diesel prices will go down by about P8 to P10 per liter, while gasoline is estimated to increase by up to P1 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 declined by P24.94 per liter, and gasoline by P3.41 per liter.
