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
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., This news data comes from:http://erlvyiwan.com
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- PH Army showcases disaster response capabilities before Thai defense officials
- Israeli forces seize nearly 0,000 in West Bank raid
- 100K Pakistanis flee amid flood threat
- Trump to blacklist countries for imprisoning Americans
- Harold Cabreros takes post as new OCD chief
- Suspect in 2012 killing of Dutch aid worker freed
- Pagasa: Rainy Monday over Visayas, Luzon areas due to LPA, 'habagat'
- DILG denies allegations that PNP chief fired over firearms deal
- ‘Lannie’ will bring rain showers, thunderstorms over North Luzon —Pagasa
- Vietnam marks 80th independence anniversary with huge parade
