MANILA, Philippines — Fuel prices are excepted to go down next week as the global market reacted to the recent developments in the Middle East, local oil industry sources said on Friday.
They said that diesel prices are expected to decrease by around P3.50 to P4.00 per liter and gasoline by around P0.25 to P0.75 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, and based on data from the Department of Energy, diesel prices increased by P2.31 per liter and gasoline by P1.08 per liter.
