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.
Gasoline, diesel prices to increase again next week
These estimates are based on the 4-day trading of Mean of Platts, Singapore, the pricing basis of refined goods in Southeast Asia.
Gasoline, diesel prices to increase again next week
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://www.aichuwei.com
- US appeals court blocks Trump's use of wartime law for deportations
- Napolcom confirms Lt. Gen. Nartatez as acting PNP chief
- Marcos orders full budget review for DPWH amid ghost projects scandal
- UP journalism professor chides Rep. Gomez over ‘media spin’ claims
- North Korea's Kim in China ahead of massive military parade
- Sotto files bill to amend party-list system
- Made in China? The remarkable tale of Venice's iconic winged lion
- Comelec to open nearly two-year overseas voter registration for 2028 elections
- Venezuela builds up border security over US warships
- DPWH opens foreign-assisted projects to LGUs
