MANILA, Philippines — Gasoline and diesel prices are expected to increase again next week due to market reactions to recent global developments, local oil industry sources said Friday.
They said that gasoline prices are expected to increase by around P0.40 to P0.60 per liter, and diesel prices by around P0.80 to P1.00 per liter.
These estimates are based on the 4-day trading of Mean of Platts, Singapore, the pricing basis of refined goods in Southeast Asia.
Gasoline, diesel prices to increase again next week
Local sources cited concerns over supply disruptions after Russia and Ukraine intensified their attacks on each other’s energy infrastructure, the potential impact on supply flows and global economy of the new US tariffs on India, signals from US Federal Reserve of possible interest rate cut, and large drawdown in US crude and fuel inventories.
Gasoline, diesel prices to increase again next week, This news data comes from:http://705-888.com
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- Harold Cabreros takes post as new OCD chief
- Comelec delays implementation of decision disqualifying Duterte Youth Party-List
- Comelec at 85: Garcia vows reforms to strengthen faith in democracy
- No Filipino fatalities in New York Tour-Bus crash, says DFA
- Planning via ‘gender lens’ to make cities more inclusive — expert
- Taiwan: China illegally deploying oil rigs in our waters
- COA launches sweeping audit of flood control projects
- NBI slaps Alice Guo, 35 Others with new graft, misconduct cases
- Israel ups pressure on Gaza City
- Israeli army: Gaza City now 'a dangerous combat zone'
