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.
These estimates are based on the 4-day trading of Mean of Platts, Singapore, the pricing basis of refined goods in Southeast Asia.
Gasoline, diesel prices to increase again next week
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://771bg.com
- 1.2K pass Electrical Engineers exam
- DPWH fires Bulacan engineers, blacklists contractors over anomalous projects
- 'Large shark' kills man off Sydney beach
- Sri Lanka ex-president Wickremesinghe hospitalized after arrest
- Aid flotilla with Greta Thunberg set to sail for Gaza
- An AI simulation of a Mount Fuji eruption is being used to prepare Tokyo for the worst
- PNP disputes China's crime advisory, says Philippines crime rate dropped
- Humanoid robots showcase skills at Ancient Olympia. But they're on a long road to catch up to AI
- Thai court to rule on PM's fate after Hun Sen call leak
- Sri Lanka's jailed ex-president Wickremesinghe granted bail
