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.
Gasoline, diesel prices to increase again next week, This news data comes from:http://052298.com
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.
- Go seeks more support for Filipino athletes
- Marcos urged to raise WPS resolution at UN
- DOJ indicts Abra Mining for fraudulent trading
- Marcos confers diplomatic merit award on two ambassadors
- Afghan quake death toll surges to over 2,200
- Police officers face more charges in missing cockfight enthusiasts case
- Police brutality fuels soaring tensions in Indonesia
- Thai court dismisses prime minister over compromising phone call with Cambodian leader
- Iran says open to US nuclear talks, rejects missile curbs
- BuCor chief calls for major reforms
