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After two straight weeks of rollbacks, motorists should expect an increase or "no change" in fuel pump prices in the coming week based on oil industry estimates.The estimated fuel price adjustments are as follows:Gasoline - increase of P0.40 to P0.90 per literDiesel - no adjustment to increase of P0.40 per literKerosene - no adjustment to increase of P0.
”According to Romero, the reasons for anticipated fuel price adjustments are based on the following developments: US Fed Reserve makes aggressive interest rate cut weeks before their Presidential election Tension in the Middle East that attack on Hezbollah members across Lebanon offered some price support due to potential supply disruption Decline in US crude inventories For Asia, Japan refinery under maintenance and Malaysia removes their subsidies to gasoline with octane grade of 95Oil...
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