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., This news data comes from:http://yjy-rn-hieh-xgn.gangzhifhm.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.
- DOJ issues lookout order vs Atong Ang, others over missing cockfighters
- Sotto willing to testify in Senate probe of flood control anomalies if summoned
- Wife and ally of ousted SKorean president indicted by special prosecutors
- Padilla: Drug testing bill not aimed at Marcos
- Leviste files charges against DPWH engineer who tried to bribe him
- Filipino member of AHOP K-pop group says Manila concert a dream come true
- New mining law to balance profit, ecology
- DILG denies claims ex-PNP chief ousted over firearms purchase
- 2 Marikina policemen accused of molestation
- Taiwan: China illegally deploying oil rigs in its waters
