INQUIRER.net: Fuel pump prices seen to rise further but at slower pace

INQUIRER.net Philippine News for Filipinos

Fuel pump prices seen to rise further but at slower pace Jul 21st 2013, 22:48 MANILA, Philippines—Fuel prices are expected to continue rising this week although at a slower pace given the substantial increases recently, industry sources said.   Respondents to an informal survey by the Inquirer estimated the price increases this week to range from P0.25 to P0.90 per liter on fuel products.   "Demand is subsiding hence the lower price hikes of P0.25 to P0.35 for diesel and P0.80 to P0.90 for gasoline," Eastern Petroleum president Fer Martinez said via text message when asked to comment on the price trend. Martinez is also the chair of the Independent Philippine Petroleum Companies Association.   Other industry sources had v... Keep on reading: Fuel pump prices seen to rise further but at slower pace Media files: gas-pump.jpg (image/jpeg)

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