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.
Gasoline, diesel prices to increase again next week, This news data comes from:http://kilriwp.ycyzqzxyh.com
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- Over 800 killed as quake rocks Afghanistan
- Super Sale: Pag-IBIG offers 40% off on foreclosed assets
- Pope declares 'God's influencer' first millennial saint
- Putin facing mounting pressure from the West
- Police general suspended for ‘obstruction’ of evidence in case of missing sabungeros
- Pagasa monitors LPA off Cavite, may still become tropical depression
- PNP chief Torre relieved, Nartatez to take over
- Alice Guo faces new cases over POGO land
- First millennial saint: Vatican to canonize 'God's Influencer' Carlo Acutis
- Indonesian finance minister's home looted as protest anger grows
