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.
Gasoline, diesel prices to increase again next week
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.
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., This news data comes from:http://vcs.aichuwei.com
Gasoline, diesel prices to increase again next week
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- Thailand's suspended prime minister testifies over phone call that could get her booted from job
- DMW: 19 distressed OFWs return home from Jeddah
- CBCP president urges Israel to stop military operations in Gaza
- Marcos wants subpoena power for body investigating flood projects
- Mass housing developers laud Pag-IBIG Fund
- Preliminary report on Lisbon funicular accident expected
- Manila mayor warns against mobs, orders police to maintain peace and order
- Australia government condemns anti-immigration rally in Sydney
- House starts flood control probe
- Philippine forces deliver supplies and personnel to disputed South China Sea shoal despite tensions
