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.
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://bibbtixr.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.
- Youth group asks SC to stop postponement of SK polls, cites age-limit concerns
- Alex Eala targets US Open Round of 32 in rematch against Spanish rival
- Guyana votes amid oil boom, Venezuela tensions
- IBP to form good governance panel
- North Korea's Kim in China ahead of massive military parade
- New judge to handle Dengvaxia cases named; hearing set
- US Spirit Airlines files for bankruptcy again
- AFP: It would take more than a tugboat to tow BRP Sierra Madre from Ayungin Shoal
- Indonesia, US and allies launch joint military drills
- Motive probed for US shooting that killed two children, injured 17
