Fuel price hikes to ease next week amid Mideast de-escalation signals

MANILA – Fuel prices are expected to post smaller increases next week as tensions in the Middle East show signs of easing, an industry official said Friday. This is good news given the massive price hikes of fuel in the past few weeks. Jetti Petroleum President Leo Bellas, in an advisory, said diesel prices are projected to increase by PHP11 to PHP12/liter, while gasoline prices are forecast to rise by up to PHP3/liter. This follows a sharp spike this week, when fuel prices surged by nearly PHP20/liter as supply remained volatile amid ongoing developments in the Middle East. READ: Cebu drivers, […]... Keep on reading: Fuel price hikes to ease next week amid Mideast de-escalation signals

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