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://www.gangzhifhm.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.
- Philippines presses call for ceasefire in Gaza
- Gloria Arroyo files bill to empower Office of the Vice President
- 11 foreigners killed in Portugal funicular crash
- Discaya says her family owns nine companies
- Madagascar welcomes home skulls of Indigenous warriors taken by French colonial troops 128 years ago
- Quezon City hails directive for national projects to get local permits
- Drug war whistleblower Royina Garma returns to PH after US detention
- Xi and Putin's hot mic moment: How long will science extend the human life span?
- DILG denies claims ex-PNP chief ousted over firearms purchase
- North Korean leader inspects new missile factory ahead of visit to China
