FUEL prices are expected to move in mixed directions next week, with diesel likely to see a significant price cut while gasoline may register a slight increase, according to Jetti Petroleum president Leo Bellas.
Bellas said preliminary estimates based on the first four trading days of the Mean of Platts Singapore and foreign exchange averages indicate a rollback of P3 to P3.20 per liter for diesel.
Gasoline prices, meanwhile, are projected to range from no change to an increase of around ₱0.10 per liter for the week of December 1.
He said the sharp decrease in diesel prices reflects market correction as global crude values declined amid renewed optimism over a U.S.-brokered ceasefire initiative in Ukraine. Although Asian gasoline benchmarks also dipped, Bellas noted that premium and freight costs remain elevated.
Oil companies are expected to announce official pump price adjustments early next week.
