MANILA, Philippines — Motorists can expect pump prices of diesel to go up and of gasoline to go down, according to an advisory from Jetti Petroleum.
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In an advisory on Saturday, Jetti Petroleum president Leo Bellas said diesel prices are projected to increase by 40 to 60 centavos per liter. Meanwhile gasoline might see a rollback in prices ranging from 30 to 50 centavos per liter.
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Bellas earlier said prices of refined products like diesel and kerosene remain elevated as supply tightness persists across Asia.
He said reduced exports from Northeast Asian refiners was a key driver of the upward pressure on prices. Another reason is lingering disruptions in Russian supply. INQ
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