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://ycyzqzxyh.com
Gasoline, diesel prices to increase again next week
- Mexican senators come to blows after heated debate
- BIR to audit contractors flagged for ghost flood projects for tax fraud — BIR
- Lone bettor wins P86M in 6/42 lotto draw for Sept 6
- Humanoid robots showcase skills at Ancient Olympia. But they're on a long road to catch up to AI
- Sara Duterte calls DPWH flood control Inquiry a 'Zarzuela'
- Thai opposition holds kingmaking summit deciding new PM
- Rep. Tiangco reveals P17B flood control allocations linked to former appropriations chairman Rep. Zaldy Co
- Thailand’s next PM reaffirms fresh polls promise
- Court rules on subdivision open spaces, road lots
- Thai woman jailed for 43 years for lese majeste freed
