PRICES of petroleum products are projected to surge by more than P2 per liter next week, according to industry sources.

A source on Friday said the cost of diesel might increase by P1.84 to P1.94 per liter and gasoline by P2.54 to P2.64 per liter, based on the average of the Mean of Platts Singapore (MOPS) trading from September 16 to 18.

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