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., This news data comes from:http://imsqusjb.erlvyiwan.com
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.
- UN food agency chief says women and children are starving in Gaza and pressed Netanyahu on aid
- Chinese warships shadow Philippine, Australian, Canadian drills in Zambales
- Taiwan, China locked in historical word war
- No peace without end to hostilities –Arab bloc
- Kris Aquino is alive, says friend amid reports of death
- Madagascar welcomes home skulls of Indigenous warriors taken by French colonial troops 128 years ago
- Modi and Putin affirm special relationship as India faces steep US tariffs over Russian oil imports
- President Marcos launches HD Hyundai Shipyard in Subic
- Hontiveros wants Senate to probe Chinese who pretended to be Filipino
- Duterte party's acting chairman charged at Sandiganbayan over Malampaya project
