GMA News
Another hike in gasoline, diesel pump prices seen next week
Filipino consumers 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) projects a price hike of approximately P0.20 per liter for gasoline and P0.50 per liter for diesel, with no adjustment expected for kerosene.
These anticipated price adjustments are influenced by geopolitical tensions, including an Israeli attack in Doha, Qatar, and a Russian drone incursion into Poland's airspace.
Additional factors contributing to the expected price increase include US tariffs that have opened new trade opportunities for the shipping industry and OPEC+'s slower-than-anticipated production rate increases.
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