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://tumi-nsa-vgeh-isr.ycyzqzxyh.com
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- Pagasa: Trough of LPA, 'habagat' will bring rain, thunderstorms across PH
- Marcos secures business and government deals in Cambodia visit
- Read to reduce sentence, Uzbekistan tells prisoners
- Israel army urges Gaza City residents to leave
- Preliminary report on Lisbon funicular accident expected
- PH eyes global partners in biggest railway project
- Mayor Sotto slams Discayas, cites lies, ghost firms, and kickback allegations
- Discayas must return money before seeking immunity – Remulla
- Thai court dismisses prime minister over compromising phone call with Cambodian leader
- Tokyo logs record 10 days of 35 C or higher
