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Department of Energy-Oil Industry Management Bureau said motorists should brace for a hike in the retail prices of petroleum products next week, after a series of rollbacks.

DOE Assistant Director Rodela Romero said international trading in the past four days show increase in the prices of petroleum products Beijing released fiscal stimulus measures aimed at boosting consumption

US government data showed a draw in fuel inventories.

The estimated upward adjustments per liter are as follows:

Gasoline – P0.60 to P1.00

Diesel – P0.10 to P0.50

Kerosene – P0.10 to P0.30

Year-to-date, gasoline and diesel have a total net increase of P2.15 per liter and P2.85/per liter, respectively, while kerosene has a total net decrease of P0.70 per liter, according to data from the Energy Department.