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., This news data comes from:http://www.771bg.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.
- Indonesia leader orders investigation into driver's protest death
- Marcos orders full budget review for DPWH amid ghost projects scandal
- Protesters storm Discaya office in Pasig to demand accountability for 'ghost flood control projects'
- Nartatez vows to be fair in making reassignments
- Israeli army: Gaza City now 'a dangerous combat zone'
- Thai woman jailed for 43 years for lese majeste freed
- Ukraine's children start new school year in underground classrooms to avoid Russian bombs
- Trump says he wants to meet North Korea's Kim again
- A tale of two cities: San Mateo rejects Manila's trash; Rizal opens landfill to Malabon
- Quezon City hails directive for national projects to get local permits
