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.
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://redcanaco.com
Gasoline, diesel prices to increase again next week
- Pump prices go up
- Japan PM decides to quit as opponents seek leadership election: reports
- Venezuela deploys warships, drones as US destroyers draw near
- Indonesia protests put spotlight on paramilitary police force
- India will not 'bow down,' trade minister says after US tariffs
- Marcos mum on Magalong joining independent commission for DPWH probe
- PH doesn't recognize Taiwan as sovereign state, stands by 'One China Policy' -- Foreign Affairs chief
- Fire breaks out in Manila residential area
- Alex Eala targets US Open Round of 32 in rematch against Spanish rival
- DILG denies claims ex-PNP chief ousted over firearms purchase
