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 news data comes from:http://exun-jimu-tuqh-ogja.jyxingfa.com
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- Malabon averts crisis with garbage deal
- Rubio says US warned France on Israel annexation moves
- Trump rebrands Department of Defense as 'Department of War'
- Zelenskyy: Russia trying to 'wriggle out' of peace talks
- President Marcos to attend 80th UN General Assembly in New York
- Labubu fans flock to stores after launch of mini dolls
- Govt monitoring Chinese ‘sleeper agents’ in PH
- Nepal to block unregistered social media platforms – govt
- National Guard troops begin carrying weapons in US capital
- Vietnam evacuates thousands ahead of Typhoon Kajiki
