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., This news data comes from:http://ycyzqzxyh.com
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 week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
Gasoline, diesel prices to increase again next week
- SSS rolls out historic pension reform program
- Israel tells residents to leave Gaza City ahead of offensive
- Chinese warships shadow Philippine, Australian, Canadian drills in Zambales
- Thailand’s next PM reaffirms fresh polls promise
- Berlin urges Israel to 'immediately' improve humanitarian conditions in Gaza
- Dizon to abolish DPWH internal special investigation team created to look into the flood control anomalies
- Marcos orders full budget review for DPWH amid ghost projects scandal
- LGBTQ+ Catholics make Holy Year pilgrimage to Rome and celebrate a new sense of acceptance
- Peace efforts in limbo as Kyiv mourns 23 dead
- Xi says China 'unstoppable' in parade opening speech
