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.
Gasoline, diesel prices to increase again next week, This news data comes from:http://www.jyxingfa.com
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.
- 15 companies vie for 'Sustainability Champions' award
- House justice panel to probe US' extradition request for Quiboloy
- Aftershocks rumble quake-hit Afghanistan as death toll tops 1,400
- Madagascar welcomes home skulls of Indigenous warriors taken by French colonial troops 128 years ago
- Famed streetcar in Lisbon, Portugal, derails and crashes, killing 15 people
- Open mic caught Xi, Putin discussing immortality
- Private groups back DHSUD chief's anti-corruption policy
- 15 people hospitalized after double-decker bus crashes outside London's Victoria Station
- Marcos confers diplomatic merit award on two ambassadors
- SSS rolls out historic pension reform program
