Manila Bulletin
Oil prices on mixed adjustments next week
Motorists can anticipate mixed price adjustments at the pumps next week, with diesel and kerosene prices expected to increase while gasoline prices remain unchanged or see a slight rollback.
Industry estimates suggest that diesel prices could increase by P0.20 to P0.50 per liter, and kerosene by P0.30 to P0.60 per liter.
The price of gasoline products may not change or would have a very marginal rollback of P0.10 per liter.
These anticipated price hikes are attributed to various market factors, including the Mean of Platts Singapore (MOPS) index.
The oil companies will implement these price movements on Tuesday, November 28.
Prior to this, the Department of Energy (DOE) reported that year-to-date net increases for gasoline are P12.30 per liter, for diesel P5.70 per liter, and for kerosene P1.09 per liter.
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Diesel prices will increase by P0.30 per liter and kerosene by P0.65 per liter starting Tuesday, November 28, 2023.
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