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.
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://lu.gyglfs.com
Gasoline, diesel prices to increase again next week
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- House tackles P881B public works budget amid flood control anomalies
- Nartatez vows to be fair in making reassignments
- Pag-IBIG: More than 25k register for socialized housing units under Expanded 4PH
- Manila mayor warns against mobs, orders police to maintain peace and order
- Palace rejects China's 'troublemaker' tag
- Chinese sleeper agents' and PLA operatives a threat, Lacson warns
- Famed streetcar in Lisbon, Portugal, derails and crashes, killing 15 people
- Pope Leo XIV to Israeli president: 2-state solution needed to end Gaza war
- UN force in Lebanon slams Israeli drone attack on peacekeepers
- Chinese warships shadow Philippine, Australian, Canadian drills in Zambales
