Fuel prices are forecasted to increase by more than P2 a liter next week as a result of the intensifying conflict in the Middle East.
Based on the first three days of trading, the per liter hike in diesel is likely to rise by P2.37, gasoline by P2.21 and kerosene by P2.48.
Once implemented, this will be the fourth consecutive week of increases in the price of diesel and kerosene, while the third for gasoline.*