Gasoline, kerosene prices may drop; diesel hike expected next week
MANILA – Pump prices of petroleum products are expected to move in different directions next week, with gasoline and kerosene prices seen to decline while diesel prices may increase slightly.
Based on the four days of trading on the world market, oil prices may move by the following amounts:
Diesel — P0.00 to P0.50/L (increase)
Gasoline — P4.50 to P5.00/L (decrease)
Kerosene — P0.50 to P1.00/L (decrease)
World market prices during the Oct. 12 to 16 trading period were mixed:
Diesel — P0.40/L (increase)
Gasoline — P4.18/L (decrease)
Kerosene — P0.38/L (decrease)