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 news data comes from:http://www.aichuwei.com
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- Comelec defers reconstitution of BARMM parliamentary districts
- Trump tells Europe to put economic pressure on China over Ukraine
- Puno seeks probe of anomalous projects ‘funders’
- NKorea's Kim tells Xi hopes to 'steadily develop' ties – KCNA
- Artikulo Onse' group calls for independent panel to probe flood control corruption
- Comelec en banc upholds cancelation of Duterte Youth Party-List registration
- President Marcos launches HD Hyundai Shipyard in Subic
- Follow the trucks: Why investors are looking south of Metro Manila
- Israeli army: Gaza City now 'a dangerous combat zone'
- Mexican boxer Chavez Jr. released from prison pending trial
