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.
Gasoline, diesel prices to increase again next week
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 news data comes from:http://yamato-syokunin.com
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- IBP forms committee on good governance to probe corruption
- Rise in HFMD cases due to better reporting, not outbreak
- Israel tells residents to leave Gaza City ahead of offensive
- President pushes probe on flood control mess amid congressional inquiry
- 'Perfect storm': UK fishermen reel from octopus invasion
- First millennial saint: Vatican to canonize 'God's Influencer' Carlo Acutis
- US senators to reinforce 'partnership' with Taiwan
- Yemen's Huthis hold funeral for PM killed in Israeli strike
- Go files housing development bill
- SSS hails Marcos, Recto for initiating pension reforms, including one to be rolled out in Sept
