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Motorists should expect either a price hike or rollback in fuel pump prices in the coming week, according to the latest industry estimates based on international trading.The estimated per liter adjustments are as follows: Gas oline - rollback of P0.20 per liter or an increase of P0.20 per liter Diesel - rollback of P0.10 per liter or an increase of P0.30 per liter Kerosene - rollback of P0.20 to P0.
The Energy official cited weaker demand in China and US, surprise build in US stocks, and expected stability in geological risk with the resumption of talks on ceasefire between Israel and Hamas as reasons for the expected pump price rollback.For the anticipated fuel price hike, Romero said the reasons could be the increase in demand for diesel in South Korea which could elevate prices in Asia as well as the retaliation of Iran which triggered worry in the markets for supply disruption.
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