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://iub-olg-po-kgj.705-888.com
These estimates are based on the 4-day trading of Mean of Platts, Singapore, the pricing basis of refined goods in Southeast Asia.
Gasoline, diesel prices to increase again next week
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
- Lacson to Marcoleta: I don’t want a fight but I won’t back down from one
- DoJ to begin preliminary investigation into missing cockfighting enthusiasts
- Thai opposition's kingmaking summit fails to back new PM
- UN force in Lebanon slams Israeli drone attack on peacekeepers
- Support grows for independent probe into flood control projects
- US appeals court finds Trump's global tariffs illegal
- Construction managers, developers back Housing chief's anti-corruption advocacy
- ALPAS Consultancy bags five awards in Philippine Quill debut
- Comelec en banc upholds cancelation of Duterte Youth Party-List registration
- Fire breaks out in Manila residential area
