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.
Gasoline, diesel prices to increase again next week
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://052298.com
- LTO summons driver who berated MMDA enforcer
- Preliminary report on Lisbon funicular accident expected
- Former president Duterte's health stable despite high blood sugar, says VP Sara
- Marcos approves EO for commission to probe flood project anomalies
- Customs recovers 10 more Discaya luxury cars
- Inoue says taunts 'missed the target' ahead of world title clash
- Hontiveros urges probe on Chinese faking Filipino identity
- Filipino member of AHOF K-pop group says Manila concert a dream come true
- Ever dream of having an entry in the Guinness World Records? Here's how to do it
- Lawmaker linked to anomalous flood control projects in US for medical reasons, says House spokesman
