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.
Gasoline, diesel prices to increase again next week
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://xkg-sh-rydw-we.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.
- Brawner orders troops: Stop China from boarding BRP Sierra Madre at all costs
- Marcos sacks PNP Chief Torre, saying it was 'difficult but necessary'
- Earthquake in eastern Afghanistan kills at least 610 people and injures 1,300
- Japan gives Philippine justice system a boost
- New DPWH chief Dizon: "A department can't investigate itself"
- Drones take on Everest's garbage
- Comelec en banc upholds cancelation of Duterte Youth Party-List registration
- ‘Lannie’ will bring rain showers, thunderstorms over North Luzon —Pagasa
- Budget shortfall narrows in July
- Catholic, Greek Orthodox clergy to stay in Gaza City to help weakest
