Another increase in prices of oil products is expected this week.
According to oil industry players, the estimated oil markup will be from P1.00 to P1.50 per liter in gasoline; P0.90 to P1.00 per liter in diesel and P0.70 to P0.80 per liter in kerosene.
The surge in oil prices is still the effect of the price adjustments in the world market.
Estimated movement on petroleum products:
Gasoline P 1.00 – P1.50/ liter
Diesel P 0.90 – P 1.00/ liter
Kerosene P 0.70 – P 0.80/ liter