Diesel, kerosene costs jump anew

Diesel and kerosene prices are set for another increase next week, while gasoline is expected to remain steady or see a slight rollback, based on four-day trading averages.

- By GABRIELL CHRISTEL GALANG

Diesel costs could rise by 0.80 to P1 per liter, while kerosene may see a sharper increase of about P1.35Sper liter, according to pricing based on the Mean of Platts Singapore (MOPS) index. Gasoline, however, may be flat or drop by Stext{P}0.10$ per liter.

The Department of Energy's (DOE) Oil Industry Management Bureau (OIMB) and Jetti Petroleum attributed the possible gasoline price ease to an oversupply from oil-producing nations.