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.
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://emniycy.xs888999.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.
Gasoline, diesel prices to increase again next week
- Makati distributes Blu Card cash aid
- Discaya’s construction companies competed against each other during biddings
- Xi and Putin round on West at regional summit in China
- DILG suspends classes, gov’t work in 17 areas
- President Marcos commits to boosting PH digital infrastructure
- PH economic losses hit 100B from corruption in flood control projects
- Ukraine says Russia linked to lawmaker's killing
- Epstein victims compiling list of sexual abusers
- Trump moves to limit US stays of students, journalists
- Jollibee, DepEd partner to develop quick service restaurant curriculum for senior high
