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.
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 news data comes from:http://pybqn.gangzhifhm.com
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.
Gasoline, diesel prices to increase again next week
- Lacson seeks probe of 2 PH contractors' board members for conflict of interest
- Earthquake kills 250, injures 500 in Afghanistan
- Kris Aquino is alive, says friend amid reports of death
- PH Construction Board asked to address 'accreditation for sale' scandal
- Japan PM decides to quit as opponents seek leadership election
- Two dead as strong earthquake jolts Afghanistan
- LTO summons driver who berated enforcer
- Former president Duterte's health stable despite high blood sugar, says VP Sara
- New DPWH chief Dizon: "A department can't investigate itself"
- Afghanistan earthquake kills more than 800
