Diesel Prices Poised for Double-Digit Jump Next Week
The Philippines is bracing for a significant fuel price hike next week, with diesel expected to surge by over P10 per liter and gasoline by P4.50-P5 per liter. The increase is attributed to the drone attack on Saudi Arabia's oil pipeline, which has driven up global crude prices.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- Philippines Braces for Fuel Price Surge: Diesel Up P11, Gas P5
The Philippines is set for a significant fuel price hike next week, with diesel expected to jump by nearly P11 per liter and gasoline by P5, due to supply concerns amid Middle East tensions. The government faces a budget shortfall for its fuel subsidy program.
- Philippines Faces Significant Fuel Price Hikes Next Week; Crude Market Fluctuations Cited
The Philippines is bracing for substantial fuel price increases next week, with diesel expected to rise by up to P9.50 per liter and gasoline by P5.50 per liter. While Saudi Arabia's efforts to restore export capacity eased immediate supply anxieties, persistent risks for Asian refiners and strong demand are supporting higher prices.
- Philippines Braces for Significant Fuel Price Hikes Next Week Amid Middle East Tensions
Fuel prices in the Philippines are expected to surge next week, with gasoline potentially rising by P5/liter, diesel by P10/liter, and kerosene by P7/liter. Escalating Middle East tensions are heightening concerns over crude oil supply disruptions, impacting the global petroleum market.