MANILA, Philippines — Fuel prices are once again estimated to go up next week due to the recent tensions in the Middle East and in Russia, local oil industry sources said on Friday.
They said that diesel prices would go up by around P4.50 to P5.00 per liter, and gasoline by about P4 to P4.50 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, diesel prices decreased by up to P3.90 per liter, while gasoline dropped by up to P0.40 per liter.
