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://neuhmmxw.xs888999.com
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.
- PH, Australia, Canada hold maritime drills in West Philippine Sea
- ‘Lannie’ will bring rain showers, thunderstorms over North Luzon —Pagasa
- Lacson seeks probe of 2 PH contractors' board members for conflict of interest
- Discaya’s construction companies competed against each other during biddings
- India to cut taxes on hundreds of consumer goods to boost local demand following steep US tariffs
- A suicide bombing near a political rally in southwestern Pakistan kills 13 and wounds 30
- Govt monitoring Chinese ‘sleeper agents’ in PH
- Madagascar welcomes home skulls of Indigenous warriors taken by French colonial troops 128 years ago
- Open mic caught Xi, Putin discussing immortality
- Marcos sacks PNP Chief Torre, saying it was 'difficult but necessary'
