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.
Gasoline, diesel prices to increase again next week
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, This news data comes from:http://www.705-888.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.
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- Iran-backed Houthis raid UN offices in Yemen and detain at least 11 employees
- PH, Japan conduct search and rescue exercises
- CFO office moves from Quezon City to Pasay
- N. Korea test-fires two 'new' air defense missiles
- A summit and parade in China may signal a geopolitical shift
- Scramble for survivors as Afghan earthquake death toll passes 1,400
- Pagasa monitors 2 LPAs inside PAR; prevailing 'habagat' brings rain across PH
- 13 massage therapists robbed, 2 cry rape
- National Guard troops begin carrying weapons in US capital
- Putin and Modi in China for summit hosted by Xi
