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.
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://052298.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.
- Petitioners challenge claim NAIA fees lowest in Southeast Asia
- Trump wants to meet Norea Korea's Kim again
- Vico Sotto could challenge VP Sara in 2028 race – survey
- Vatican puts Pope Francis' ecological preaching into practice with vocational farm center
- Some National Guard units in Washington are now carrying firearms in escalation of Trump deployment
- Read to reduce sentence, Uzbekistan tells prisoners
- DFA: No US extradition request for Quiboloy
- 2 policemen placed under preventive custody for allegedly molesting a female colleague in Marikina
- Comelec en banc upholds cancelation of Duterte Youth Party-List registration
- PH Construction Board asked to address 'accreditation for sale' scandal
