Diesel, gasoline prices may rise again next week

MANILA, May 1 ------ After several weeks of big rollbacks, diesel prices are set to increase again next week based on the first three trading days on the world market. With still two more trading days to go, fuel prices have already risen by the following amounts:

- Diesel - P3.60/L increase

- Gasoline - P3.00/L increase

- Kerosene - P0.50/L decrease

LPG vendors have also said that cooking gas prices may stay unchanged or increase on May 1. World oil prices have been rising in the last few days as the conflict in the Middle East showed no sign of being resolved anytime soon.

Source: news.abs-cbn.com