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., This news data comes from:http://okaphoia.705-888.com
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.
- Japan govt seeks to triple spending on drones
- Senate subpoenas 8 DPWH officials, contractors in flood control probe
- Sara favors punishing officials, lifestyle checks
- Filipino member of AHOP K-pop group says Manila concert a dream come true
- Ukraine offers to co-produce drones with Philippines for maritime patrols
- What to know about Indonesia's nationwide unrest over lawmakers' perks
- LPA trough, 'habagat' to bring rains in parts of Luzon, including Metro Manila
- 'Pink and green' protests call for a reset in Indonesia
- Discaya’s construction companies competed against each other during biddings
- Sri Lanka ex-president Wickremesinghe hospitalized after arrest
