Fuel price hike seen next week

After a series of rollbacks, pump prices of petroleum products are expected to go up in the coming week, local oil industry sources said Friday.

Citing the four-day (October 16 to 19) monitoring on Mean of Platts Singapore (MOPS) trading, an oil industry source said the price per liter of diesel may be hiked by P1 to P1.30.

Gasoline, meanwhile, may be increased by P0.70 to P1 per liter.

Another industry source said that based on the MOPS trading in the past four days, the price per liter may be adjusted upwards by P1.15 to P1.25, while gasoline price is seen to climb by P0.75 to P0.85 per liter.

MOPS is the basis for pricing of refined petroleum products in Southeast Asia.

Source: Fuel price hike seen next week (msn.com)

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