MANILA, Philippines — Diesel and gasoline prices are expected to spike again next week, as the war in the Middle East drags on, local oil industry sources on Friday said.
They said that diesel prices would increase by around P17 to P19 per liter and gasoline by around P3 to P5 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 around P4.50 to P12.90 per liter and gasoline by P2.90 per liter.
