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.
Gasoline, diesel prices to increase again next week, This news data comes from:http://052298.com
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.
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- DMW, pharmaceutical firm sign agreement to boost access to medicines, hospital services for OFWs, families
- Alex Eala targets US Open Round of 32 in rematch against Spanish rival
- MMDA unveils plan to build rainwater impounding facilities in Camp Aguinaldo
- Marcos approves EO for commission to probe flood project anomalies
- US strike marks shift to military action against drug cartels
- Ukraine's children start new school year in underground classrooms to avoid Russian bombs
- Discaya says her family owns nine companies
- South Korean prosecutors indict Yoon's wife, former PM
- Marcos 'ready' to undergo lifestyle check- Palace
- China to bolster non-Western alliances at summit, parade
