MIXED FUEL PRICES SET TUESDAY AFTER 5-WEEK HIKES: Gasoline prices to drop, diesel up

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Motorists face mixed adjustments at the pumps this week, with gasoline costs easing and diesel prices rising after five straight weeks of across-the-board increases. Jetti Petroleum said prices of gasoline will drop on Tuesday by P0.20 to P0.40 per liter, while prices of diesel will move up by P0.70 to P0.90, reflecting last week’s crude trading. By contrast, gasoline prices are easing on the back of ample Asian supply. The mixed adjustments follow last week’s hikes of P1 per liter for gasoline and kerosene, and P0.80 for diesel. In the year to date, pump prices are up P14.90 for gasoline, P16.15 for diesel, and P4.55 for kerosene, as shown by DOE data.