Fuel prices seen to move mixed next week; diesel may roll back by up to P2/L
MANILA – Pump prices of petroleum products are expected to move in different directions next week, with diesel prices seen to decline while gasoline and kerosene prices may increase.
Based on the four days of trading on the world market, oil prices may move by the following amounts:
Diesel: P1.50 to P2.00/L (decrease)
Gasoline: P1.50 to P2.00/L (increase)
Kerosene: P1.50 to P2.00/L (increase)
World market prices during the Oct. 5 to 9 trading period were mixed:
Diesel: P1.66/L (decrease)
Gasoline: P1.05/L (increase)
Kerosene: P1.00/L (increase)
The estimated adjustments are expected to take effect on Tuesday, Oct. 13, after oil companies announce their respective price changes on Monday.