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.
Gasoline, diesel prices to increase again next week, This news data comes from:http://redcanaco.com
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.
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- Judge reverses Trump administration's cuts of billions of dollars to Harvard University
- Pag-IBIG: More than 25k register for socialized housing units under Expanded 4PH
- Thai court to rule on PM's fate after Hun Sen call leak
- Makati distributes Blu Card cash aid
- Motive probed for US shooting that killed two children, injured 17
- Customs preparing report on Discayas’ 28 luxury cars
- India will not 'bow down,' trade minister says after US tariffs
- Thai opposition holds kingmaking summit deciding new PM
- New Quezon City judge to oversee Dengvaxia vaccine cases, sets hearing
- Indonesian leader fires ministers of finance and security after deadly protests
