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 week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter., This news data comes from:http://kwhwh.052298.com
Gasoline, diesel prices to increase again next week
- Zelenskyy seeks talks with Trump and European leaders on slow progress of peace efforts with Russia
- Major road closures in Manila announced for 2025 Bar Examinations
- Israeli army: Gaza City now 'a dangerous combat zone'
- UN food agency chief says women and children are starving in Gaza and pressed Netanyahu on aid
- Plea written in blood saves Chinese woman trapped in locked room
- Pagasa sees two to four tropical cyclones hitting Philippines in September
- ‘Lannie’ will bring rain showers, thunderstorms over North Luzon —Pagasa
- Marcos signs law giving 99-year land lease to foreign investors
- NKorea could produce ten to twenty nukes per year — SKorea leader
- Iran says open to US nuclear talks, rejects missile curbs
