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://kxxa-uwkm-icy-joaj.erlvyiwan.com
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.
- DPWH exec fired, 2 others face dismissal over flood control mess
- Appointments panel holds first session
- Ever dream of having an entry in the Guinness World Records? Here's how to do it
- LGBTQ+ Catholics make Holy Year pilgrimage to Rome and celebrate a new sense of acceptance
- Marcos to mark ‘Thrilla In Manila’ 50th anniversary
- Palace slams Discaya couple's denial in Film Heritage Building debacle
- House tackles P881B public works budget amid flood control anomalies
- Israel launches new spy satellite in 'message' to enemies
- Trump says he wants to meet North Korea's Kim again
- Inoue says taunts 'missed the target' ahead of world title clash
