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Motorists should brace for another round of increase in fuel pump prices in the coming week, according to Department of Energy-Oil Industry Management Bureau Director III Rodela Romero.The following are the estimated per liter price adjustments for Tuesday, June 25. 2024. Gasoline - P0.85 to P1.15 Diesel - P1.55 to P1.85 Kerosene - P1.00 to P1.10“Relevant news for the week that push the oil prices up are the continued geopolitical tensions and supply risks.
Jetti Petroleum, meanwhile, said that “this week’s first four days MOPS and foreign exchange average versus last week’s full week average are pointing towards an increase for next week.”The fuel firm said that price per liter of diesel may increase by P1.70 to P1.80, while gasoline may go up by P1.10 to P1.20 per liter.Oil companies usually announce price adjustments every Monday, to be implemented on the following day.
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