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.
Gasoline, diesel prices to increase again next week, This news data comes from:http://jbs-nv-mc-cxon.gyglfs.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.
- Taiwan, China locked in historical word war
- DoJ to begin preliminary investigation into missing cockfighting enthusiasts
- Five journalists among 20 killed in Israeli strikes on Gaza hospital
- COA probes Iqbal on spending of P1.7B in one day
- Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam
- Giovanni Lopez pledges to continue and expand DOTr reforms
- Housing secretary declares 'zero-tolerance' policy on corruption
- UK, Japan, South Korea endure hottest summer on record
- FBI raids home of Trump critic, former adviser
- China 'unstoppable', says Xi with Kim, Putin at his side
