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., This news data comes from:http://veu.erlvyiwan.com
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.
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.
- Tax bureau hunts down contractors over questionable flood control deals
- Some areas in Metro Manila, Bulacan, Quezon to have power interruptions due to maintenance work
- DOST, SM Supermalls partner to empower businesses with sustainable practices
- Japan PM decides to quit as opponents seek leadership election
- House probe tackles flood control corruption: Lawmakers disclose conflicts of interest
- Trump health misinformation swirls despite denial
- Task force cites new threats to media workers
- Filipino member of AHOP K-pop group says Manila concert a dream come true
- Bersamin letter proves Torre reassignments ‘valid’
- ERC amends net-metering rules to expand renewable energy options
