MANILA, Philippines — The Department of Energy (DOE) on Monday projected a hike of P2.62 to P4.62 per liter of diesel, amid continued volatility in the global oil market, following the renewed conflict between the United States and Iran.
In its latest fuel price update for July 14 to July 20, the DOE said kerosene prices may also climb by P2.22 to P4.22 per liter.
Gasoline prices, meanwhile, are expected to remain largely stable, with adjustments ranging from a P1-per-liter rollback or increase.
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Energy Secretary Sharon Garin said the agency may stop issuing estimated price ranges if global oil markets remain volatile, particularly due to tensions in the Middle East.FEATURED STORIES
