Motorists should brace for mixed adjustments in petroleum product prices next week, according to the Department of Energy (DOE). Diesel prices are projected to increase by P2.50 to P4.50 per liter, while gasoline may see a rollback of up to P1.25 per liter or a slight increase of up to P0.75 per liter.
DOE Estimates for Diesel and Gasoline
The DOE's preliminary calculations indicate that diesel could rise significantly, with a possible increase of P2.20 to P4.20 per liter in a separate estimate. The final adjustments will be confirmed on Monday and typically take effect on Tuesday.
Factors Behind the Price Movements
The mixed outlook is attributed to global oil market trends, including fluctuations in crude oil prices and refining margins. The DOE continues to monitor these factors to provide accurate forecasts for consumers.
Industry analysts note that the potential rollback in gasoline prices offers some relief, but the substantial diesel hike could impact transportation and logistics costs.
