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://lox-vwm-rgb-tq.yamato-syokunin.com
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 week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- Wife of Australian man wanted in police killings urges him to surrender
- P270M rock shed useless – Marcos
- House committee subpoenas Sarah Discaya, 4 other contractors over flood control project anomalies
- Marcos wants subpoena power for body investigating flood projects
- Former PNP chief Torre III offered new government post
- 2028 polls overseas voter registration opens in Dec
- Sara mum, but brother thinks Torre removal due to PNP's 'internal conflicts'
- Navotas holds anti-plastic drive
- LPA has big chance of intensifying into tropical cyclone to be named ‘Kiko’
- DBP launches P50M program for education
