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.
Gasoline, diesel prices to increase again next week, This news data comes from:http://705-888.com
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- Indonesian police officer fired over killing that sparked protests
- Duterte lawyers take aim at ICC prosecutor
- Govt monitoring Chinese ‘sleeper agents’ in PH
- Bonoan resigned due to command responsibility — Marcos
- DOJ indicts Abra Mining for fraudulent trading
- Eala ousts Day, enters Guadalajara Open final
- Remulla pledges transparency and impartiality as Ombudsman
- Sen. Bong Go files bill for better health worker protection, benefits
- Cooperatives group lauds Konektadong Pinoy Law as milestone in digital inclusion
- Public Works chief to press criminal charges against Bulacan engineer
