Fuel prices are expected to reflect mixed movements in the coming week, with stakeholders advised to monitor closely amid volatile global developments.
Jetti Petroleum President Leo Bellas stated that based on the Mean of Platts Singapore (MOPS) and forex averages from the first four trading days, diesel prices could range from no change to a PHP 0.20 per liter increase, while gasoline may see an increase between PHP 0.20 to PHP 0.40 per liter.
Similarly, Department of Energy–Oil Industry Management Bureau (DOE-OIMB) Director Rodela Romero said that trading data from the same period points to a possible increase of PHP 0.00 to PHP 0.40 per liter for gasoline; a diesel price adjustment ranging from a rollback of PHP 0.20 to an increase of PHP 0.30 per liter; and a kerosene price movement from no change to a rollback of PHP 0.10 per liter.
Global oil prices remain in flux, with supply and demand dynamics in a tug-of-war. Prices climbed amid progress in US-Iran talks, the US barring Venezuelan crude exports, and possible new sanctions on Russia. Further support came from US-EU trade negotiations and declines in US stockpiles. However, these gains were tempered by expectations of OPEC+ easing production cuts and increased regional supply as refinery maintenance winds down.
Romero said the expected price increases are driven by potential new US sanctions on Russia, easing trade tensions between the US and EU, and rising geopolitical risks in key oil-producing countries. On the other hand, downward pressure comes from OPEC+’s decision to raise output starting July, slower economic activity in Asia, and changing energy policies in countries like India.
How should the downstream sector respond to these shifting global signals? We invite energy professionals and industry stakeholders to weigh in on how these developments are influencing pricing strategies, inventory planning, and overall market positioning. Join the discussion.
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