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.
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., This news data comes from:http://ylj-mdie-smv-ggjy.ycyzqzxyh.com
Gasoline, diesel prices to increase again next week
- Puno seeks probe of anomalous projects ‘funders’
- South Africa's most vulnerable struggle to find HIV medication after US aid cuts
- India warns Pakistan of more cross-border flooding due to heavy monsoon rains
- Xi and Putin's hot mic moment: How long will science extend the human life span?
- Pakistanis no reprieve from floods yet
- 'God's Influencer' to become first millennial saint
- Israeli forces seize nearly 0,000 in West Bank raid
- MMDA asks LTO to sanction motorist in altercation with traffic enforcer in San Juan
- Bersamin letter proves Torre reassignments ‘valid’
- Diokno urges Philippines to rejoin ICC to counter China's aggression
