NEXT week’s fuel prices will move in different directions — gasoline and kerosene are likely to go up, but diesel is seen getting cheaper.
The Department of Energy’s Oil Industry Management Bureau (DOE‑OIMB) confirmed this outlook on Friday, noting that global market uncertainty driven by developments in the Middle East continues to influence pricing trends.
Director Rino Abad explained that over the last four trading days, international oil prices have moved sideways without a clear upward or downward trend. This volatility stems from shifting statements and actions related to the conflict in the region, particularly after the United States and Iran exchanged military strikes earlier this week. US President Donald Trump has since warned that further attacks could follow if a peace agreement is not reached, keeping markets on edge.
“You cannot predict the movement. Even the oil market is confused, so prices cannot keep rising consistently, but they also cannot keep falling consistently. It depends on the pronouncements being made, because those keep changing as well,” Abad said in an interview over GMA Super Radyo DZBB. He added that final figures could still shift before the close of trading on Friday.
The official adjustments will be formally announced on Monday, June 15, and will take effect nationwide on Tuesday, June 16. This comes after oil companies implemented price increases for all fuel types earlier this week, reversing the rollbacks recorded the previous week.
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