Diesel, gas poised for new price jumps on May 26

MANILA, Philippines — Motorists may have to cough up more money when refueling as new price hikes are seen next week on May 26. Estimates from an industry source showed a P1 to P1.30 per liter increase for diesel. Gasoline may also have an upward adjustment of P1.20 to P1.50 per liter. READ: House OKs bill on faster, automated response to future oil crises “Diesel is supported by higher crude prices and unresolved supply disruptions, with feedstock procurement continuing to remain a challenge for Asian refiners,” the source said. “Gasoline prices are also higher as global markets continue to remain tight, […]... Keep on reading: Diesel, gas poised for new price jumps on May 26

Original source: Philippine Daily Inquirer