Gasoline costs are anticipated to rise once more this coming Tuesday. INQUIRER FILE PHOTO
MANILA, Philippines — Motorists would see yet one more spherical of value gas will increase subsequent week, at as much as 90 centavos per liter. Home oil companies regulate pump costs each Tuesday morning.
Jetti Petroleum president Leo Bellas on Friday stated diesel costs might bounce by 70 centavos to 90 centavos per liter, whereas gasoline may even see a 30 centavos to 50 centavos value hike.
READ: Oil costs up this week after back-to-back cuts
In the meantime, estimated knowledge from the Division of Power confirmed an upward adjustment of “kind of” 50-centavos in pump costs.
“Oil costs have elevated this week on indicators of enhancing demand,” Bellas stated.
READ: Are we on the mercy of oil firms?
“The optimistic oil demand outlook within the second half of 2025, the prospect of easing of commerce tensions, and the danger to provide within the Center East following assaults within the oilfields in Iraq have additional supported the market,” he added.
/rwd
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