DOE Oil Industry Management Bureau assistant director Rodela Romero said prices will increase by P0.80 to P1 per liter for diesel and P0.85 to P1 per liter for kerosene. MANILA, Philippines — Prices of fuel products may increase again next week, according to the Department of Energy.
The best scenario is that gasoline prices may not change, but may also increase by P0.20 per liter, according to Romero. Reports indicate that three sons of Hamas leader Ismail Haniyeh were killed in an Israeli airstrike in Gaza last Wednesday, where the car they were in was bombed. Last Tuesday, oil firms raised pump prices by P1.10 per liter for gasoline, P1.55 for diesel and P1.40 for kerosene.
The Asian Development Bank has trimmed its growth forecast for the Philippines for this year, citing risks posed by extreme...