MANILA — Motorists may see mixed fuel price movements next week, with diesel expected to decline while gasoline is projected to increase, based on early trading estimates.

In a report, it said that industry estimates using the Mean of Platts Singapore (MOPS) benchmark show diesel prices may drop by ₱3.50 to ₱4.00 per liter, while gasoline may rise by around ₱0.50 to ₱1.00 per liter.

Oil companies are expected to announce final price adjustments on Monday, June 15, with implementation set for the following day.

The projected movements come after volatile global crude trading, which was influenced by heightened geopolitical tensions in the Middle East.

Oil prices initially surged amid military exchanges between Israel and Iran and subsequent retaliatory actions. The United States also launched strikes targeting Iranian positions, prompting Tehran to impose restrictions on transit through the Strait of Hormuz, a key route for global oil shipments.

Market sentiment later eased after both sides signaled a pause in hostilities. Reports also noted remarks from US President Donald Trump suggesting a possible diplomatic settlement and the cancellation of planned airstrikes on Iranian oil facilities.

Despite the expected relief for diesel users, analysts cautioned that fuel price outlooks remain unstable due to ongoing geopolitical risks, noting that domestic pump prices typically follow Singapore benchmark movements with a delay.