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://boq-vjp-io-vpk.052298.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.
Gasoline, diesel prices to increase again next week
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.
Gasoline, diesel prices to increase again next week
- 'I have no resentment,' says Torre after dismissal as PNP chief
- India to cut taxes on hundreds of consumer goods to boost local demand following steep US tariffs
- US Spirit Airlines files for bankruptcy again
- Indonesia's delayed new capital risks 'white elephant' status
- Jollibee, DepEd partner to develop quick service restaurant curriculum for senior high
- Thai court to rule on PM's fate after Hun Sen call leak
- President Marcos to attend 80th UN General Assembly in New York
- Eala ousts Day, enters Guadalajara Open final
- South Africa's most vulnerable struggle to find HIV medication after US aid cuts
- DFA: No US extradition request for Quiboloy
