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., This news data comes from:http://jsbyv.ycyzqzxyh.com
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.
- Prime minister of Yemen's Houthi-run government killed in Israeli strike
- Roxas matriarch, 91
- Former Bulacan district engineer admits going to casinos
- Pope meets with Chagos refugees and delivers message about rights of the weak against the powerful
- Thai court dismisses prime minister over compromising phone call with Cambodian leader
- New judge to handle Dengvaxia cases named; hearing set
- Sara Duterte calls DPWH flood control Inquiry a 'Zarzuela'
- Some National Guard units in Washington are now carrying firearms in escalation of Trump deployment
- Wawao Builders exec ‘not sure’ if company has flood control project in Bulacan
- Fuel prices up next week
