MANILA, Philippines — Diesel, and gasoline prices are seen to go up again next week but at a slower pace, as the war in the Middle East continues to disrupt global oil supply and cost, a local industry source said on Friday.
The source said that diesel prices were expected to rise by about P14-P14.50 per liter, lower than last week's P20.40-P23.90. Gasoline will increase by about P7-P7.50, down from P12.90-P16.60 per liter in the same period.
These estimates are based on the 4-day trading of Mean of Platts Singapore, the pricing basis of refined goods in Southeast Asia.
This will also be the 10th straight week that diesel and gasoline prices have increased.
