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://faqf-mw-lwp-qicb.jyxingfa.com
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
- Trump health misinformation swirls despite denial
- Kneecap to play Paris concert in defiance of objections
- ‘Large shark’ kills man off Sydney beach
- Bonoan resigns, Dizon named DPWH chief
- Zelenskyy meets European leaders on Ukraine security guarantees
- UN food agency chief says women and children are starving in Gaza and pressed Netanyahu on aid
- Maduro calls for dialogue hours after Trump’s threat
- Pump prices go up
- Brawner orders troops: Stop China from boarding BRP Sierra Madre at all costs
- MMDA proposes rainwater facilities in Camp Aguinaldo to mitigate EDSA flooding
