Fuel prices are expected to rise again this coming Tuesday. INQUIRER FILE PHOTO
MANILA, Philippines — Motorists would see yet another round of price fuel increases next week, at up to 90 centavos per liter. Domestic oil firms adjust pump prices every Tuesday morning.
Jetti Petroleum president Leo Bellas on Friday said diesel prices may jump by 70 centavos to 90 centavos per liter, while gasoline may see a 30 centavos to 50 centavos price hike.
READ: Oil prices up this week after back-to-back cuts
Meanwhile, estimated data from the Department of Energy showed an upward adjustment of “more or less” 50-centavos in pump prices.
“Oil prices have increased this week on signs of improving demand,” Bellas said.
READ: Are we at the mercy of oil companies?
“The positive oil demand outlook in the second half of 2025, the prospect of easing of trade tensions, and the risk to supply in the Middle East following attacks in the oilfields in Iraq have further supported the market,” he added.
/rwd
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