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.
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://snflwl.705-888.com
- China criticizes Canadian, Australian warships transiting Taiwan Strait
- Choose Ombudsman with integrity, intelligence, insight – Cayetano
- Marcos soon to create commission to probe flood control projects
- Zelenskyy seeks talks with Trump and European leaders on slow progress of peace efforts with Russia
- 25,000 Filipinos register for Pag-IBIG's Expanded 4PH Housing Program
- Gomez-Estoesta named court administrator by Supreme Court
- France seized by fears of new political crisis
- Dizon asks DOJ to issue immigration lookout bulletin to 26 DPWH officials and contractors
- Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam
- Nartatez vows to be fair in making reassignments
