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., This news data comes from:http://xs.erlvyiwan.com
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.
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.
- Washington makes military aid overtures to Sahel juntas
- 2 LPAs monitored inside PAR, bringing rain to Luzon
- Napoles gets 55 years for another ‘pork’ case
- Some National Guard units in Washington are now carrying firearms in escalation of Trump deployment
- 15 companies vie for 'Sustainability Champions' award
- Protesters storm Discaya compound, Sotto calls for calm
- Afghan quake death toll surges to over 2,200
- Navotas inks deal for school feeding project
- US appeals court blocks Trump's use of wartime law for deportations
- Summer brings overtourism fears for 'Bavarian Caribbean'
