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.
Gasoline, diesel prices to increase again next week, This news data comes from:http://www.ycyzqzxyh.com
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- Read to reduce sentence, Uzbekistan tells prisoners
- Marcos orders full budget review for DPWH amid ghost projects scandal
- Prompt release of educational aids sought
- Marcos to youth: Help in nation-building
- Lacson clears air over conflict with Marcoleta on flood control probe
- Sri Lanka's jailed ex-president Wickremesinghe granted bail
- North Korean leader inspects new missile factory ahead of visit to China
- Discaya says her family owns nine companies
- Marcos mum on Magalong joining independent commission for DPWH probe
- Two dead as strong earthquake jolts Afghanistan
