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.
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., This news data comes from:http://705-888.com
- Private groups back DHSUD chief's anti-corruption policy
- Retired NBI agents urge Marcos to appoint career official to replace Santiago
- ‘Lannie’ will bring rain showers, thunderstorms over North Luzon —Pagasa
- Chinese research vessel spotted near Philippine coast but 'goes dark' after, says maritime expert
- Sotto files bill to amend party-list system
- Prompt release of educational aids sought
- Marcos to attend UN meet in New York in Sept- Palace
- Israeli defense minister warns of Gaza City's destruction unless Hamas yields to his country's terms
- DOJ issues lookout order vs Atong Ang, others over missing cockfighters
- Sen. Go files bills to push health, social, and labor reforms
