Diesel, gasoline slated for fresh price hikes next week

MANILA, Philippines — Motorists may again face another hefty fuel price hikes of up to P6.50 per liter next week amid growing supply concerns.  Jetti Petroleum president Leo Bellas said Friday that diesel may jump by P6 to P6.50 a liter.  READ: Big fuel price hikes loom due to US-Iran war flare-up Gasoline may likewise go up by P5.50 to P6 per liter.  “World oil prices have rebounded significantly due to concerns of further disruption to oil supply as the Strait of Hormuz remains largely closed to vessel traffic, and growing security risks in the Bab el-Mandeb Strait expanded the […]...

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