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.
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 news data comes from:http://xa-vfsy-etm-odkn.yamato-syokunin.com
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.
- Robinsons to build 9-story office building in Davao City
- Dizon to abolish DPWH internal special investigation team created to look into the flood control anomalies
- Oil firms to raise pump prices Tuesday
- Oil firms to raise fuel prices this week
- Thailand's suspended prime minister testifies over phone call that could get her booted from job
- DPWH engineer denies role in Bulacan flood control ‘ghost projects’
- Zelenskyy meets European leaders on Ukraine security guarantees
- Comelec defers BARMM district reconstitution
- SC clarifies rules on land ownership
- Duterte defense files more motions challenging ICC prosecutor
