MANILA, Philippines — Diesel prices are estimated to go down, while gasoline is expected to increase next week, mostly due to the global market reacting to a possible ceasefire between the US and Iran, local oil industry sources said on Friday.
They said that diesel prices would decline by around P6 to P8 per liter, while gasoline is estimated to go up by about P1 to P4 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 P2.66 per liter and gasoline by P2.21 per liter.
