GMA News
Another hike in gasoline, diesel pump prices seen next week
Filipinos can expect another increase in gasoline and diesel prices next week, marking the fifth consecutive week for gasoline and fourth for diesel.
The Department of Energy-Oil Industry Management Bureau (DOE-OIMB) anticipates a price hike of approximately P0.20 per liter for gasoline and P0.50 per liter for diesel.
Kerosene prices, however, are expected to remain unchanged.
Global events such as the Israeli attack in Doha, Qatar, and Russian drone incursions into Poland's airspace are cited as key factors contributing to the anticipated price adjustments.
Additionally, the US imposing tariffs, which may open new trade opportunities for the shipping industry, and OPEC+ increasing production at a slower pace than anticipated are also influencing factors.
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