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
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://705-888.com
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- Trump health misinformation swirls despite denial
- Public Works chief to press criminal charges against Bulacan engineer
- Undersea cables cut in the Red Sea, disrupting internet access in Asia and the Mideast
- 2 Marikina policemen accused of molestation
- Thailand’s next PM reaffirms fresh polls promise
- Heavy rains flood parts of Metro Manila anew
- Classes suspended in 10 Metro Manila cities due to rains
- Police general suspended for ‘obstruction’ of evidence in case of missing sabungeros
- Zelenskyy seeks talks with Trump and European leaders on slow progress of peace efforts with Russia
- US approves .5M in assistance to Nigeria to help address hunger
