Filipino motorists can expect another round of fuel price increases next week, potentially marking the fourth consecutive week for gasoline and the third for diesel.
Diesel prices may rise by approximately P1.30 to P1.50 per liter, and gasoline prices are seen to jump by P1 to P1.20 a liter.
These projected adjustments are attributed to recent international fuel trading trends, including US sanctions on Iran's oil revenue and reduced Russian oil flows after Ukrainian attacks on its processing facilities.
Fuel companies typically announce their price adjustments every Monday, which take effect on the following Tuesday.
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