Diesel price increase of up to P4/liter expected next week

MANILA, Philippines —Another diesel price hike may hit motorists next week as the escalating Middle East conflict fuels concerns over global supply, an industry source said. Prices of diesel could increase by P2.00 to P4.00 per liter on July 14, based on the first four trading days’ Mean of Platts Singapore and foreign exchange averages.

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