Mixed fuel price changes expected next week

Fuel is being delivered into a vehicle’s tank. REUTERS/Afolabi Sotunde/File Photo

MANILA, Philippines — Motorists might see mixed price movements in petroleum products in the last week of July, industry estimates showed Friday.

Leo Bellas, president of Jetti Petroleum, said diesel prices may increase by 40 centavos to 60 centavos per liter. Meanwhile, gasoline prices may decrease by 10 centavos to 30 centavos a liter.

READ: Another fuel price hike set next week

The Department of Energy (DOE) also said prices of gasoline may dip by more or less 10 centavos per liter.

The DOE added that kerosene and diesel may go up by more or less 30 centavos and 50 centavos, respectively.

READ: Fuel prices seen easing as Middle East strife simmers

“A wild ride in oil prices was largely driven by geopolitical events and uncertainty surrounding US trade policies,” said Rodela Romero, assistant director of the DOE-Oil Industry Management Bureau.

/rwd