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://www.redcanaco.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
- Discaya’s construction companies competed against each other during biddings
- Follow the trucks: Why investors are looking south of Metro Manila
- Bishops demand broad probe into flood project corruption
- Macron says 26 countries pledge troops as a reassurance force for Ukraine after war ends
- Filipino priest wins Ramon Magsaysay Award for activism against Duterte's drug war
- 'I have no resentment,' says Torre after dismissal as PNP chief
- Indonesian police officer fired over killing that sparked protests
- DPWH told to build evacuation centers
- Comelec to resume BARMM polls ballot printing Thursday
- China criticizes Canadian, Australian warships transiting Taiwan Strait
