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Motorists should expect mixed movements in fuel pump prices next week, with the latest indications pointing to a possible rollback in gasoline and diesel.The estimated fuel price movements in the coming week are as follows:Gasoline - Rollback of P0.40 to P0.70 per literDiesel - No adjustment to rollback of P0.20 per literKerosene - Increase of P0.10 to P0.
Meanwhile, the Energy official said a price hike could be triggered by the optimism over US fuel demand and drop in crude and gasoline inventories, Israel’s retaliatory attack on Iran’s military sites, which avoided oil infrastructure, geopolitical uncertainties, and tighter Asian regional supplies for gas-oil and jet fuel/kerosene.Fuel firms announce official price adjustments every Monday, which would take effect on the following day.
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