Photo courtesy of Philippine News Agency (PNA).
Motorists should prepare for varied movements in fuel prices next week, the Department of Energy’s Oil Industry Management Bureau (DOE-OIMB) said Friday.
Based on recent industry data from the Mean of Platts Singapore (MOPS), DOE-OIMB Assistant Director Rodela Romero shared preliminary projections for retail petroleum products.
Gasoline is expected to see a slight rollback of around P0.05 per liter, while diesel may rise by roughly P0.80 per liter. Kerosene could also climb by about P0.45 per liter, Romero said.
The estimates do not include the operating costs of oil companies or other applicable premiums, she added.
Romero attributed the price movements to a mix of factors, including crude oil market trends, ongoing geopolitical tensions, and signals of stronger demand from China following a better-than-expected GDP report.
She noted that the final MOPS trading figures for the week would be confirmed after Friday’s market close.
Oil firms typically announce official pump price adjustments every Monday, with changes taking effect the following day.