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Philippine pump prices for diesel fell on the fourth trading day as Mean of Platts Singapore diesel dipped P0.62 per liter, while gasoline rose P2.90. Diplomatic efforts toward Middle East peace and ample diesel supply from China, Russia and South Korea weighed on prices.
Ample Asian diesel supply and easing Middle East tension lower energy costs for feed transport and processing, though the moves are modest and routine.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.