Manila, Oct. 30 -- Domestic fuel prices in the Philippines are expected to move in opposite directions during the first week of November as supply disruptions caused by the ongoing Middle East conflict continue.

According to Jetti Petroleum President Leo Bellas, diesel prices are projected to decrease by PHP0.40 to PHP0.60 per liter, while gasoline prices are expected to increase by PHP2.90 to PHP3.20 per liter.

The forecast is based on movements in Asian fuel prices and foreign exchange rates.

Bellas explained that concerns over energy supply disruptions in the Middle East, continuing regional attacks, and possible US military action against Iran have continued to influence global crude oil prices.

However, improved fuel supply prosp...