Diesel prices may rise by up to P3.50/L next week; LPG prices seen to increase in November

MANILA — Pump prices of diesel and kerosene are expected to increase next week, while gasoline prices may roll back, based on estimates following movements in the world oil market.

Based on the four days of trading on the world market, oil prices may move by the following amounts:

• Diesel — P2.50 to P3.50/L (increase)
• Gasoline — P0.50 to P1.50/L (decrease)
• Kerosene — P0.50 to P1.50/L (increase)

World market prices during the Oct. 19 to 23 trading period were mixed:

• Diesel — P3.30/L (increase)
• Gasoline — P0.70/L (decrease)
• Kerosene — P1.90/L (increase)

The estimated pump price adjustments are expected to take effect on Tuesday, Oct. 27.

Meanwhile, LPG prices are also expected to increase in November by the following amounts:

• P3.00 to P4.00 per kilogram
• P33 to P44 per regular tank