Diesel poised for price cuts next week despite renewed ME war
MANILA, Philippines – Motorists may see mixed price adjustments next week, with diesel set for a rollback even with the renewed hostilities in the Middle East.
According to estimates from an industry source, diesel may have price cuts ranging from P3.50 to P4 per liter on June 16.
READ: US launches new strikes on Iran, which fires back at Gulf states, Jordan
Article continues after this advertisement
Gasoline, meanwhile, may increase by 50 centavos to P1 per liter.
FEATURED STORIES
The figures are based on this week’s trading sessions over the Mean of Platts Singapore, and foreign exchange movements.
“Diesel and other middle distillate prices declined due to easing in prompt tightness as northeast Asian producers have managed to secure alternative crude supplies,” the source said in a message. /pai INQ
Your subscription could not be saved. Please try again.
Your subscription has been successful.
READ NEXT
EDITORS' PICK
