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://www.yamato-syokunin.com
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- Bonoan resigns, Dizon named DPWH chief
- BIR to audit contractors flagged for ghost flood projects for tax fraud — BIR
- Tourists dice with danger on Hanoi's train street
- Napoles guilty in another 'pork barrel' case, sentenced to 55 years in jail
- Scramble for survivors as Afghan earthquake death toll passes 1,400
- Washington makes military aid overtures to Sahel juntas
- Humanoid robots showcase skills at Ancient Olympia. But they're on a long road to catch up to AI
- Gaza at 'breaking point,' says UN food agency chief after visit
- PH, Australia eye stronger defense partnership
- Brawner orders troops: Stop China from boarding BRP Sierra Madre at all costs
