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.
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.
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., This news data comes from:http://ynqk-fl-bcf-qnbg.ycyzqzxyh.com
- Humanoid robots showcase skills at Ancient Olympia. But they're on a long road to catch up to AI
- Lone bettor wins P86M in 6/42 lotto draw for Sept 6
- Chinese sleeper agents' and PLA operatives a threat, Lacson warns
- Marcos embarks on three-day state visit to Cambodia
- Sara slams govt corruption probe as a 'political zarzuela,' to meet with Robredo at Bicol festival
- Monsoon rains flood Mandaluyong, Parañaque — MMDA
- Ukraine's children start new school year in underground classrooms to avoid Russian bombs
- Metro Manila, rest of Luzon would be rainy due to ‘habagat’ —Pagasa
- Putin meets Kim, praises North Korean troops in Russia
- Lookout bulletins out vs Atong Ang, Barretto
