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 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://plnq-dr-vd-qes.771bg.com
- 'Mockery of science': US experts blast Trump climate report
- DPWH Secretary Dizon orders perpetual ban of Wawao Builders, Syms Construction for ghost projects
- NKorea's Kim tells Xi hopes to 'steadily develop' ties – KCNA
- Pagasa sees cyclone-free week across PH
- Boy killed, mother injured in Pasig fire
- 15 companies vie for 'Sustainability Champions' award
- Australia's mushroom murderer faces victims' family in court
- Mob burns Nigerian woman to death over Islam blasphemy claim — police
- Sri Lanka ex-president Wickremesinghe hospitalized after arrest
- NHA gives cash aid to families affected by calamity in Manila
