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.
Gasoline, diesel prices to increase again next week, This news data comes from:http://eu-hoj-lvk-txs.xs888999.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.
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- Typhoon death toll rises in Vietnam as downed trees hamper rescuers
- Anutin elected as Thailand's new prime minister
- 2 LPAs monitored inside PAR, bringing rain to Luzon
- Thai opposition's kingmaking summit fails to back new PM
- Pope demands end to 'collective punishment' and forced displacement of Palestinians in Gaza
- PH, Australia hold live fire drills during ALON 2025 in Nueva Ecija
- Taiwan, China locked in historical word war
- Pag-IBIG Fund gives occupants 10% discount to legally buy acquired homes
- Search for survivors after Afghan earthquake kills 800
- DSWD's guarantee letters now accepted in more establishments
