Manila, Oct. 10 -- Prices of diesel are projected to decline next week, but gasoline prices are forecast to rise anew given the supply situation to date, an oil firm executive said Friday.

Citing price movements as of Thursday, Jetti Petroleum president Leo Bellas, in a report, said prices of diesel are seen to go down by around PHP0.10 per liter while gasoline prices will likely rise between PHP0.40 and PHP0.60 per liter.

He attributed the projected rollback in diesel prices, which, he said, is similar to the broader crude markets' movement, to lower-than-expected output hikes by oil producing countries by November.

For gasoline, he said prices "remained supported due to an uptick in domestic demand from China and India, and healthy s...