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://771bg.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.
- 13 massage therapists robbed, 2 cry rape
- Budget shortfall narrows in July
- Senate cites former Bulacan assistant district engineer in contempt
- Malabon City honors partners
- Filipino fulfills dream of performing with K-pop group before home fans
- Customs preparing report on Discayas’ 28 luxury cars
- DICT grants amnesty to unregistered delivery firms
- Comelec to resume BARMM polls ballot printing Thursday
- Humanoid robots showcase skills at Ancient Olympia. But they're on a long road to catch up to AI
- 500 Internal Server Error
