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.
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 week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter., This news data comes from:http://swrpxb.705-888.com
- Duterte party's acting chairman charged at Sandiganbayan over Malampaya project
- Marcos mum on Magalong joining independent commission for DPWH probe
- Maduro calls for dialogue hours after Trump’s threat
- Thai cannabis-championing tycoon takes office as PM
- Russia hits seat of Ukraine government in war's biggest air attack
- Iran says open to US nuclear talks, rejects missile curbs
- Trump health misinformation swirls despite denial
- Japan PM Ishiba bounces back in polls after election debacle
- Taiwan: China illegally deploying oil rigs in its waters
- Lacson replaces Marcoleta as Blue Ribbon panel chairman
