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., This news data comes from:http://qkb-lyb-do-nuw.ycyzqzxyh.com
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.
- Philippine experts urge harm reduction strategy for tobacco control
- Sotto to Lead Senate again as majority votes to oust Escudero
- Wildfires producing 'witches' brew' of air pollution – UN
- House holds budget review with 21 civil society organizations
- Comelec probes 15 contractors for illegal campaign donations
- Lacson clears air over conflict with Marcoleta on flood control probe
- Marcos sacks PNP Chief Torre, saying it was 'difficult but necessary'
- Israel army urges Gaza City residents to leave
- PH to host seafarers’ welfare forum
- International media protest over journalist deaths in Gaza
