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://hyee.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.
- Dizon to order DPWH officials to submit courtesy resignation
- 'Ondoy'-level rains swamp Quezon City
- Chinese sleeper agents' and PLA operatives a threat, Lacson warns
- Chinese warships shadow Philippine, Australian, Canadian drills in Zambales
- SpaceX cancels Starship megarocket launch
- 'No way' US troops can invade Venezuela, says Maduro
- Filipino weightlifter Vanessa Sarno banned for 2 years for anti-doping violation
- Two dead as strong earthquake jolts Afghanistan
- Seoul says over 300 South Koreans held in US battery plant site raid
- Marcos Jr. seeks 'fair, impartial' Ombudsman - Palace
