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://jisckav.705-888.com
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.
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.
- Metro Manila floods strand commuters, disrupt classes
- Dizon asks DOJ to issue immigration lookout bulletin to 26 DPWH officials and contractors
- 20 people missing after deadly Indonesia protests
- Drug war whistleblower Royina Garma returns to PH after US detention
- Typhoon death toll rises in Vietnam as downed trees hamper rescuers
- Lacson to give Dizon 'damning' proof vs DPWH 'rotten fruits'
- Denmark summons US envoy over 'attempts to influence' Greenland
- Taiwan's Lai ups defense spending target to 5% of GDP
- 2 LPAs monitored inside PAR, bringing rain to Luzon
- AFP chief tells troops: Stop Chinese from entering PH ship marooned on WPS territory at all cost
