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., This news data comes from:http://enw-hsoy-yphn-hex.ycyzqzxyh.com
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.
Gasoline, diesel prices to increase again next week
- House resolution filed to investigate 'funders' of anomalous projects
- White House fires US health agency head after she refused to quit
- ‘New NBI chief must be career official’
- Hopes dim for Putin-Zelenskyy peace summit
- N. Korea test-fires two 'new' air defense missiles
- Makati earns high rating in anti-trafficking and violence assessment
- DILG to roll out nationwide unified 911 hotline on Sept. 11
- President asks governor to expose irregularities in govt projects
- Lacson seeks probe of 2 PH contractors' board members for conflict of interest
- An AI simulation of a Mount Fuji eruption is being used to prepare Tokyo for the worst
