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.
Gasoline, diesel prices to increase again next week
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 news data comes from:http://ybovlb.jyxingfa.com
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- 15 people hospitalized after double-decker bus crashes outside London's Victoria Station
- Palace rejects Sara's offer of 'free advice' on flood solutions, says to give it to 'Mayor Baste' instead
- 'Pink and green' protests call for a reset in Indonesia
- India's Modi seeks closer ties on Asia tour to offset US tariff fallout
- Trump wants to meet Norea Korea's Kim again
- MMDA unveils plan to build rainwater impounding facilities in Camp Aguinaldo
- Public Works Chief Vince Dizon demands courtesy resignations to 'clean house'
- More funding sought for sports commission
- 1.2K pass Electrical Engineers exam
- San Juan commemorates first revolution under Spanish rule in 129th Araw ng Pinaglabanan
