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.
Gasoline, diesel prices to increase again next week
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., This news data comes from:http://fb-rayt-aj-al.redcanaco.com
- Unnamed skeletons? US museum at center of ethical debate
- Lacson: House can't return proposed 2026 budget to Palace
- Scramble for survivors as Afghan earthquake death toll passes 1,400
- Mob burns Nigerian woman to death over Islam blasphemy claim — police
- Discaya’s construction companies competed against each other during biddings
- House justice panel to probe US' extradition request for Quiboloy
- Lone bettor wins P386M in 6/58 Ultra lotto draw for Aug 22
- Marcos says commission on DPWH anomalies to be finalized 'very soon,' mum on Magalong participation
- Palace hits Discayas over ‘misinformation’ on PH film center project
- Ukraine's children start new school year in underground classrooms to avoid Russian bombs
