Philstar
Expect over P1/L gas price hike next week
Motorists should brace for fuel price increases starting next week, with gasoline prices projected to rise by P1.10 to P1.30 per liter.
Diesel prices may increase by P0.10 to P0.30 per liter, while kerosene prices could see a rollback of around P0.25 per liter.
These adjustments are influenced by escalating geopolitical tensions, particularly Ukraine's attack on Russia's oil infrastructure.
Asian gasoline prices remain firm due to tight supply and robust regional demand, exacerbated by low exports from China and South Korea.
The final price adjustments will be announced on Monday and will take effect the following day.
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