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://lc-toj-wvmf-yfh.gyglfs.com
Gasoline, diesel prices to increase again next week
- BIR to audit contractors flagged for ghost flood projects for tax fraud — BIR
- Fears of new political crisis grip France
- Marcos names Dizon as DPWH secretary
- Estrada, Villanueva tagged in House flood control mess, says SOP was '30%'
- 'Strangest' dinosaur covered in spiked armory – scientists
- Pasig fire kills child, injures mother as she tries to save him
- Wildfires producing 'witches' brew' of air pollution – UN
- Trump moves to limit US stays of students, journalists
- DICT grants amnesty to unregistered delivery firms
- DPWH Secretary Dizon orders perpetual ban of Wawao Builders, Syms Construction for ghost projects
