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., This news data comes from:http://www.ycyzqzxyh.com
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.
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
- Indonesia leader orders investigation into driver's protest death
- SpaceX cancels Starship megarocket launch
- Drug war whistleblower Royina Garma returns to PH after US detention
- Strikes across Gaza Strip kill at least 31 as international scholars accuse Israel of genocide
- Lacson to give Dizon 'damning' proof vs DPWH 'rotten fruits'
- Mexican senators come to blows after heated debate
- Vatican puts Pope Francis' ecological preaching into practice with vocational farm center
- AKG chief denies using ‘kidnap’ car for personal purposes
- Gloria Arroyo files bill to empower Office of the Vice President
- 3 Luzon dams release water
