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.
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://pn-ut-fjn-qp.erlvyiwan.com
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- Marikina City chief of police relieved
- 500 Internal Server Error
- Four children killed by parents in Dominican Republic — police
- Wildfires producing 'witches' brew' of air pollution – UN
- Comelec upholds cancelation of Duterte Youth registration
- Sara Discaya admits owning 28 luxury cars
- Nartatez vows fair assignments, better resource management as new PNP chief
- US approves .5M in assistance to Nigeria to help address hunger
- Escudero subpoenas 5 contractors, 3 DPWH executives to Senate probe
- Marcos inspects rock shed project in Benguet
