Manila, Feb. 6 -- Global oil supply issues are expected to push domestic prices up anew next week by as much as PHP1 per liter.

In an advisory, Jetti Petroleum president Leo Bellas said diesel prices may rise between PHP0.80 to PHP1 per liter and gasoline between PHP0.30 to PHP0.50 per liter, citing developments in the foreign exchange market and the Asian benchmark as of Thursday.

"Diesel price has found support from weather-related supply and demand issues, as well as the continued geopolitical tension in the Middle East that directly affects supply dynamics, at a time when Europe is moving away from Russian-origin supplies," Bellas said.

He said "the likelihood of limited diesel exports from China largely due to expected higher dom...