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.
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://qh-dquk-wd-xku.xs888999.com
- 15 people hospitalized after double-decker bus crashes outside London's Victoria Station
- First millennial saint: Vatican to canonize 'God's Influencer' Carlo Acutis
- Dizon asks DOJ to issue immigration lookout bulletin to 26 DPWH officials and contractors
- A tale of two cities: San Mateo rejects Manila's trash; Rizal opens landfill to Malabon
- Police officers face more charges in missing cockfight enthusiasts case
- Isko Moreno files charges against contractor over illegal demolition of sports complex in Manila
- Private groups back DHSUD chief's anti-corruption policy
- NKorea's Kim tells Xi hopes to 'steadily develop' ties – KCNA
- Public Works chief to press criminal charges against Bulacan engineer
- Lacson to Marcoleta: I don’t want a fight but I won’t back down from one
