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., This news data comes from:http://hmy-xl-bui-gwj.aichuwei.com
Gasoline, diesel prices to increase again next week
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.
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
- Quezon City launches 'Healthy QC' ordinance to combat childhood obesity
- Thailand ruling party moves to dissolve parliament
- New DPWH chief Dizon: "A department can't investigate itself"
- Roxas matriarch Judy Araneta-Roxas, 91
- Marcos urged to raise WPS resolution at UN
- PH Defense chief slammed for 'bad mouthing' China
- Sara mum, but brother thinks Torre removal due to PNP's 'internal conflicts'
- Seoul says over 300 South Koreans held in US battery plant site raid
- CBCP president urges Israel to stop military operations in Gaza
- ‘Lannie’ to bring rain over NLuzon, southwest monsoon to affect Metro Manila, Calabarzon, Mimaropa —Pagasa
