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://705-888.com
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.
- Sri Lanka's jailed ex-president Wickremesinghe granted bail
- PH has chance of getting UNSC seat - Manalo
- Comelec probes 15 govt contractors over 2022 election donations
- Lacson replaces Marcoleta as Blue Ribbon panel chairman
- Sen. Go files bills to push health, social, and labor reforms
- Manila mayor warns against mobs, orders police to maintain peace and order
- House resumes budget briefings
- Pagasa monitors 2 LPAs inside PAR; prevailing 'habagat' brings rain across PH
- San Juan commemorates first revolution under Spanish rule in 129th Araw ng Pinaglabanan
- International media protest over journalist deaths in Gaza
