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., This news data comes from:http://cre.redcanaco.com
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.
Gasoline, diesel prices to increase again next week
- A summit and parade in China may signal a geopolitical shift
- LPA trough, 'habagat' to bring rains in parts of Luzon, including Metro Manila
- Customs preparing report on Discayas’ 28 luxury cars
- Wildfire tears through California gold rush town
- Rubio says US warned France on Israel annexation moves
- Strikes across Gaza Strip kill at least 31 as international scholars accuse Israel of genocide
- Philippine experts urge harm reduction strategy for tobacco control
- Pacifist Japan struggles to boost troops as China anxiety grows
- Police officers face more charges in missing cockfight enthusiasts case
- Putin meets Kim, praises North Korean troops in Russia
