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., This news data comes from:http://vjrj-akhx-mat-sm.052298.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.
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
- 'Blood Moon' to rise during total lunar eclipse Sunday night
- PH Construction Board asked to address 'accreditation for sale' scandal
- South Korean women sue US military in landmark prostitution lawsuit
- Modi, Ishiba agree to boost economic ties
- India to probe giant zoo run by son of Asia's richest person
- Gloria Arroyo files bill to empower Office of the Vice President
- Malabon averts crisis with garbage deal
- DPWH exec asked lawmaker to make budget insertions — Lacson
- Students, faculty file complaint against Universidad de Manila president
- Aggressive promos in unregulated online gambling platforms draw Filipinos — study
