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, This news data comes from:http://yv-xw-hhrj-yle.yamato-syokunin.com
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.
- Hopes dim for Putin-Zelenskyy peace summit
- Open mic caught Xi, Putin discussing immortality
- 500 Internal Server Error
- Cooperatives group lauds Konektadong Pinoy Law as milestone in digital inclusion
- UN force in Lebanon slams Israeli drone attack on peacekeepers
- One in four people lack access to safe drinking water – UN
- Marcos mum on Magalong joining independent commission for DPWH probe
- Marcos inspects rock shed project in Benguet
- More funding sought for sports commission
- 'Mockery of science': US experts blast Trump climate report
