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 week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter., This news data comes from:http://771bg.com
Gasoline, diesel prices to increase again next week
- Australia government condemns anti-immigration rally in Sydney
- Labubu fans flock to stores after launch of mini dolls
- Malacañang calls plot to jail VP Duterte 'wild imagination'
- PH has chance of getting UNSC seat - Manalo
- New Zealand to allow some wealthy foreign investors onto property market
- Thai opposition's kingmaking summit fails to back new PM
- Comelec en banc upholds cancelation of Duterte Youth Party-List registration
- UK's mass facial-recognition roll-out alarms rights groups
- Israeli protesters demand hostage deal as cabinet meets
- Mandela grandson says he will join Gaza aid boat
