INQToday: Oil prices seen climbing further in 1st week of February

Fuel prices seen to spike for 3rd straight week

GASOLINE and diesel prices are expected to increase for the third straight week next week, as the market reacted to recent geopolitical tensions and an increase in demand from countries, local oil companies announced on Friday.They said diesel prices could increase from P1.30 to P1.50 per liter, and gasoline from P0.50 to P0.70 per liter.These estimates are based on four-day trading of Mean of Platts, Singapore, the pricing basis for refined goo…

INQToday: Oil prices seen climbing further in 1st week of February

Oil prices seen climbing further in 1st week of February Motorists will see yet another wave of oil price increases in the first week of February. Diesel is slated for a sixth straight week of price hikes.  In an advisory Friday, Jetti Petroleum president Leo Bellas said the per-liter price of diesel may go up by P1.30 to P1.50 on Feb. 3.  DFA calls on Asean to adhere to rule of law amid ‘unilateral actions’  Southeast Asian countries should ste…