Infrastructure
Mixed price adjustment for gas, diesel next week
Gasoline prices in the Philippines are expected to rise by P2 to P2.20 per liter next week, while diesel prices are set for a rollback of P1 to P2 per liter, influenced by China's temporary suspension of fuel exports.
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- Diesel Rollback, Gasoline Hike Expected Next Week
Fuel prices in the Philippines are expected to see mixed movements next week, with diesel potentially rolling back by up to P2 per liter while gasoline could see a hike of P2.20 per liter. This is influenced by global crude oil market trends, foreign exchange rates, geopolitical tensions in the Middle East, and production shutdowns in the US Gulf of Mexico due to a hurricane.