The Manila Times6-26

Philippine pump prices seen rising next week, with diesel up P1.20 per liter and gasoline up P1.50

Retail diesel and gasoline prices in the Philippines are expected to increase next week as uncertainty in the Middle East keeps pressure on markets despite a recent peace deal between the US and Iran, local oil industry sources said on Friday. Diesel may rise by as much as P1.20 per liter and gasoline by as much as P1.50 per liter. The estimates are based on the four-day trading average of the Mean of Platts, Singapore, a benchmark for refined products pricing in Southeast Asia.

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