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In the first week of November, gasoline prices are predicted to decrease, while kerosene prices may rise.
Rodela Romero, Director of the Oil Industry Management Bureau at the Department of Energy (DOE), shared the anticipated price changes for oil products next week:
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Gasoline: Decrease of P0.40 to P0.70 per liter
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Diesel: No change or a decrease of P0.20 per liter
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Kerosene: Increase of P0.10 to P0.20 per liter
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Romero noted that rising fuel demand in the United States, along with ongoing tensions in the Middle East, are pushing prices higher.
However, Israeli Prime Minister Benjamin Netanyahu’s announcement of readiness to negotiate with Lebanon may help stabilize prices.
Related Topics:
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- Macroeconomic Issues Limit Crude Oil Prices
- Today’s Brent Crude Oil Price Chart (November 1)
- Today’s WTI Crude Oil Price Chart (November 1)
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