MANILA, Philippines — Fuel prices are estimated to increase once more next week, as tensions in the Middle East continue to influence the global market, local oil industry sources said on Friday.
They said that diesel prices would go up by around P1.75 to P2.25 per liter, gasoline prices by about P1 to P1.50 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 announcements from the Department of Energy, diesel prices jumped by P3.84 per liter, while gasoline went up by P2.49 per liter.
