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., This news data comes from:http://jyxingfa.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.
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.
Gasoline, diesel prices to increase again next week
- MPD announces road closures for Bar exams
- Rubio says US warned France on Israel annexation moves
- Vico Sotto could challenge VP Sara in 2028 race – survey
- Palace rejects China's 'troublemaker' tag
- Indonesia protests put spotlight on paramilitary police force
- Gaza at 'breaking point,' says UN food agency chief after visit
- Public Works Chief Vince Dizon demands courtesy resignations to 'clean house'
- Passenger with fake Overseas Employment Certificate barred from leaving
- Duterte defense files more motions challenging ICC prosecutor
- Bonoan resigns, Dizon named DPWH chief
