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://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.
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- Peace efforts in limbo as Kyiv mourns 23 dead
- Comelec delays implementation of decision disqualifying Duterte Youth Party-List
- Pope demands end to 'collective punishment' and forced displacement of Palestinians in Gaza
- Thai court dismisses prime minister over compromising phone call with Cambodian leader
- Israel tells residents to leave Gaza City ahead of offensive
- DICT grants amnesty to unregistered delivery firms
- Over 800 killed as quake rocks Afghanistan
- Scramble for survivors as Afghan earthquake death toll passes 1,400
- NKorea's Kim tells Xi hopes to 'steadily develop' ties – KCNA
- SpaceX cancels Starship megarocket launch
