Diesel, kerosene price hike next week

Domestic pump prices will likely have a mixed movement this week with gasoline going down by as much P0.90 per liter while diesel and kerosene will go up by P0.60 per liter to P0.90 per liter, respectively.

Romero said gasoline prices may rollback by P0.60 to P0.90 per liter while diesel may increase by P0.40 to P0.60 per liter and kerosene may go up by P0.75 to P0.90 per liter. Romero said world oil prices are also driven by seasonal demand uptick due to the forthcoming summer season and the announcement of the US on the release of millions of barrels of gasoline products from government reserves to lower prices at the pump.

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