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., This news data comes from:http://gyglfs.com
Gasoline, diesel prices to increase again next week
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 week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
Gasoline, diesel prices to increase again next week
- Xi meets Modi as China and India seek to rebuild ties
- PH, Australia commend ‘impressive’ joint sea drills
- Scramble for survivors as Afghan earthquake death toll passes 1,400
- Make a difference, write your own future, youth urged
- Manila marks National Heroes Day with job fair
- France seized by fears of new political crisis
- Dizon to abolish DPWH internal special investigation team created to look into the flood control anomalies
- Macron says 26 countries pledge troops as a reassurance force for Ukraine after war ends
- Evicted from their forests, Kenyan hunter-gatherers fight for their rights
- Filipino member of AHOF K-pop group says Manila concert a dream come true
