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., This news data comes from:http://www.yamato-syokunin.com
Gasoline, diesel prices to increase again next week
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.
- Monsoon rains flood Mandaluyong, Parañaque — MMDA
- More funding sought for sports commission
- 102-year-old becomes oldest person to summit Mount Fuji
- Israeli forces seize nearly 0,000 in West Bank raid
- PNP enlists Interpol help in hunt for Japanese mastermind behind Manila double murder
- Discaya companies' licenses revoked for bid-rigging
- Repairs on Chinese ship in Bajo de Masinloc collision may take 2 months - PH Navy
- Bonoan resigns, Dizon named DPWH chief
- Famed streetcar in Lisbon, Portugal, derails and crashes, killing 15 people
- Dizon to abolish DPWH internal special investigation team created to look into the flood control anomalies
