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.
Gasoline, diesel prices to increase again next week
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., This news data comes from:http://gdhjxjw.052298.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.
Gasoline, diesel prices to increase again next week
- DPWH seeks lookout bulletin vs officials, contractors in ghost projects
- Marcos leads oath taking of new officers of League of Provinces of the Philippines
- Thousands rally in Serbia and accuse police of brutality at anti-government demonstrations
- DOJ indicts Abra Mining for fraudulent trading
- First millennial saint: Vatican to canonize 'God's Influencer' Carlo Acutis
- Sara Duterte calls DPWH flood control Inquiry a 'Zarzuela'
- Artikulo Onse' group calls for independent panel to probe flood control corruption
- Vatican puts Pope Francis' ecological preaching into practice with vocational farm center
- Australia government condemns anti-immigration rally in Sydney
- Police brutality fuels soaring tensions in Indonesia
