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
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://052298.com
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.
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- Xi says China 'unstoppable' in parade opening speech
- Sara Duterte calls DPWH flood control Inquiry a 'Zarzuela'
- Israel flattens high-rise as it tells Gaza City residents to flee
- Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam
- Manila mayor warns against mobs, orders police to maintain peace and order
- DPWH to revisit budget, to complete revisions within 2 weeks
- A suicide bombing near a political rally in southwestern Pakistan kills 13 and wounds 30
- CFO moves office from QC to Pasay
- Metro Manila disaster agencies expand response areas in preparation for 'Big One'
- Boy killed, mother injured in Pasig fire
