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://www.771bg.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.
- An AI simulation of a Mount Fuji eruption is being used to prepare Tokyo for the worst
- Govt eyes charges vs Discayas over 'unfinished' PH Film Heritage Building
- Most Filipinos distrust China, see it as biggest threat — OCTA survey
- House resolution filed to investigate 'funders' of anomalous projects
- Rep. Tiangco reveals P17B flood control allocations linked to former appropriations chairman Rep. Zaldy Co
- Govt preparations for WorldSkills PH hosting go 'full blast'
- No winner in Ultra, Megalotto draws for Sept 5
- Trough of LPA, ‘habagat’ will bring rain showers, thunderstorms across PH
- Supreme Court: It’s work as usual in judiciary
- Quezon City hails directive for national projects to get local permits
