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://aichuwei.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.
- One in four people lack access to safe drinking water – UN
- MMDA proposes rainwater facilities in Camp Aguinaldo to mitigate EDSA flooding
- Marcos approves EO for commission to probe flood project anomalies
- Israel army urges Gaza City residents to leave
- Palace rejects Sara's offer of 'free advice' on flood solutions, says to give it to 'Mayor Baste' instead
- IBP to form good governance panel
- Hontiveros wants Senate to probe Chinese who pretended to be Filipino
- Macron says 26 countries pledge troops as a reassurance force for Ukraine after war ends
- Marcos opens Hyundai's shipyard in PH
- 15 companies vie for 'Sustainability Champions' award
