Diesel seen up by as much as P10.50 per liter next week

Diesel seen up by as much as P10.50 per liter next week

MANILA, Philippines — Motorists need to tighten their belts as local oil firms plan to impose massive oil price hikes of up to P10.50 per liter next week, driven by worsening geopolitical conflicts. In an advisory, Jetti Petroleum president Leo Bellas said diesel prices could hit another double-digit increase, ranging from P10 to P10.50 per liter. READ: Iran strikes ships, expands no-go zone outside Strait of Hormuz Gasoline may also jump by P4.50 to P5 per liter. Bellas noted that concerns abou