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.
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 news data comes from:http://lky.xs888999.com
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
- Judge reverses Trump administration's cuts of billions of dollars to Harvard University
- 13 massage therapists robbed, 2 cry rape
- Escudero subpoenaes 10 DPWH contractors for Senate probe next week
- Fire breaks out in Manila residential area
- Mob burns Nigerian woman to death over Islam blasphemy claim — police
- Gloria Arroyo files bill to empower Office of the Vice President
- Japan prince comes of age as succession crisis looms
- La Salle vows to help ease Ortigas traffic
- Marikina City chief of police relieved
- Filipino priest wins Ramon Magsaysay Award for activism against Duterte's drug war
