Diesel Price Surge Expected Next Week
Diesel prices are set to increase significantly next week, with estimates ranging from P10.00 to P10.50 per liter. This follows recent attacks in the Middle East, including the Strait of Hormuz and Saudi Arabia's East-West pipeline, which have disrupted global oil supplies. Gasoline prices are also expected to rise, by P4.50 to P5.00 per liter. Industry experts warn that diesel prices could even reach three-digit figures in some regions.5 sourcesSee all sources