Her estimates indicate an increase of P0.90 to P1.20 per liter for gasoline, P1.20 to P1.40 per liter for diesel and P1.10 to P1.30 per liter for kerosene, citing geopolitical movements as main drivers of the hike.MANILA, Philippines —
Romero said oil prices changed on Thursday morning, causing a “breather” after a four-day “winning streak” due to fears of a wider conflict in the Middle East, namely the Israel-Hamas conflict which might involve Iran. Romero added that the attack on Russia’s oil refineries by Ukraine has impacted next week’s oil price.
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