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.
Gasoline, diesel prices to increase again next week, This news data comes from:http://www.aichuwei.com
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.
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
- Escudero says new lease law to make PH more appealing to investors
- 25,000 Filipinos register for Pag-IBIG's Expanded 4PH Housing Program
- The rot goes deep: Marcos decries decades-old corruption
- Pacifist Japan struggles to boost troops as China anxiety grows
- Leviste files charges against DPWH engineer who tried to bribe him
- Indonesia's delayed new capital risks 'white elephant' status
- PH Army showcases disaster response capabilities before Thai defense officials
- Plea written in blood saves Chinese woman trapped in locked room
- President Marcos to attend 80th UN General Assembly in New York
- 25 countries suspend postal services to US over tariffs – UN
