Wildly gyrating oil prices will find their way back to increases at the pumps next week, based on the preliminary estimates of the oil companies.

As crunched by the industry players, the price of gasoline products will likely rise by P0.45 to P0.85 per liter; while diesel prices will incur moderate uptrend of P0.25 to P0.65 per liter.

For kerosene, which is the other product line logging weekly cost movements, its price will go up by P0.70 to P1.10 per liter, according to the oil firms.

If referenced mainly on the outcome of three-day trading in the regional market as anchored on the Mean of Platts Singapore (MOPS) index, the calculated price hikes would be P0.547 per liter for gasoline; P0.286 per liter for diesel; and P0.744 per liter for kerosene products.

That will be a complete reserve of the substantial price rollback enjoyed by consumers upon their return-to-work drive this week.

On year-to-date price adjustments, a monitoring report of the Department of Energy (DOE) has shown that price fluctuations at the domestic pumps still posted net increases of P8.05 per liter for gasoline; P5.95 per liter for diesel; while there was already net decline of P2.15 per liter for kerosene.

Global experts indicated that market sentiments remained mix, but upward pricing pressure prevailed due to supply disruption in Libya, one of the oil-producing countries that has membership with the Organization of the Petroleum Exporting Countries (OPEC).

As emphasized, the oil production of Libya had been at relatively stable 1.2 million barrels per day through the years; and roughly 1.0 million of that had been allotted for export.

Nevertheless, tension in its political and financial system has been raising uncertainties in oil markets - particularly if Libyan exports would be hobbled on its flow to markets.

In the Asian region, traders have been noting softening of demand – primarily in key markets of Vietnam and India, due to the occasional pummeling of extreme weather events like strong typhoons.