Diesel prices may jump P0.30-P0.50 per liter next week

Diesel prices are expected to increase by P0.30 to P0.50 per liter next week due to geopolitical tensions, according to Jetti Petroleum President Leo Bellas.

Gasoline prices may see a slight increase of P0.10 per liter or a decrease, with initial estimates from the Department of Energy (DOE) suggesting a potential increase of P0.20 to P0.50 per liter for diesel.

Kerosene prices are expected to remain unchanged.

If these price adjustments occur, it will mark the fifth consecutive weekly increase for gasoline and the fourth for diesel.

Both Bellas and the DOE cited rising geopolitical tensions as a primary factor for the potential price hikes.

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