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.
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://it-ecdg-see-npi.aichuwei.com
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- DILG denies allegations that PNP chief fired over firearms deal
- Napolcom confirms Lt. Gen. Nartatez as acting PNP chief
- IBP forms committee on good governance to probe corruption
- Indonesia leader orders investigation into driver's protest death
- PH eyes global partners in biggest railway project
- Xi slams 'bullying' in speech to regional leaders at summit
- Van Gogh Museum 'could close' without more help from Dutch govt
- Strikes across Gaza Strip kill at least 31 as international scholars accuse Israel of genocide
- ‘Large shark’ kills man off Sydney beach
- Marcos says commission on DPWH anomalies to be finalized 'very soon,' mum on Magalong participation
