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.
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://gyglfs.com
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
Gasoline, diesel prices to increase again next week
- IBP to form good governance panel
- Pag-IBIG: More than 25k register for socialized housing units under Expanded 4PH
- LPA off Leyte has low chance of becoming cyclone within 24 hours —Pagasa
- Australia's mushroom murderer faces victims' family in court
- PH Army showcases disaster response capabilities before Thai defense officials
- IBP forms committee on good governance to probe corruption
- Hontiveros wants Senate to probe Chinese who pretended to be Filipino
- Former Bulacan district engineer admits going to casinos
- Lacson: Torre 'acted beyond his authority'
- Ukraine offers to co-produce drones with Philippines for maritime patrols
