Oil prices rallied and equities fell Friday as reports said explosions had been heard in Iran and Syria, fueling fears of an escalation of the Middle East crisis after last weekend’s missile attack on Israel by Tehran.
She said gasoline may go up by P0.40 to P0.60 per liter while diesel may have a rollback of P0.60 to P0.85 per liter and kerosene by P0.60 to P0.80 per liter. On April 16, oil players raised the price of diesel by P0.95 per liter, kerosene by P0.85 per liter and P0.40 per liter for gasoline. Leaders in Tehran said the strike was a legitimate response to a deadly attack on an Iranian embassy building in Damascus that it blames on Israel.
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