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.
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://pouu.771bg.com
Gasoline, diesel prices to increase again next week
- Sotto files bill to amend party-list system
- Protesters storm Discaya compound for second straight day
- DPWH fires Bulacan engineers, blacklists contractors over anomalous projects
- President Marcos to attend 80th UN General Assembly in New York
- Some areas in Metro Manila, Bulacan, Quezon to have power interruptions due to maintenance work
- Marcos names acting Ombudsman
- PH Navy spots 20 Chinese ships near BRP Sierra Madre
- Napolcom confirms Lt. Gen. Nartatez as acting PNP chief
- Isko Moreno files charges against contractor over illegal demolition of sports complex in Manila
- Philippines presses call for ceasefire in Gaza
