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
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.
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 news data comes from:http://cqan-ils-kv-xut.771bg.com
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- Manila marks National Heroes Day with job fair
- Thailand's former Prime Minister Thaksin makes surprise departure ahead of a risky court ruling
- Xi says China 'unstoppable' in parade opening speech
- India's Modi seeks closer ties on Asia tour to offset US tariff fallout
- Social media erupts: Politicians' children face backlash for flaunting wealth
- Lacson to Marcoleta: I don’t want a fight but I won’t back down from one
- Evicted from their forests, Kenyan hunter-gatherers fight for their rights
- Eala kicks off US Open campaign, aims for breakthrough win in New York
- Sotto files bill to amend party-list system
- Isko files raps over demolition of sports complex
