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://kd-xrdt-mgv-objj.xs888999.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.
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.
- Metro Manila, rest of Luzon would be rainy due to ‘habagat’ —Pagasa
- Modi reaffirms India's support for Ukraine peace settlement during call with Zelenskyy
- Hontiveros wants Senate to probe Chinese who pretended to be Filipino
- North Korea test-fires two 'new' air defense missiles
- Manila Water announces service disruption for over 12K households in Mandaluyong due to leak repair
- Bonoan resigned due to command responsibility — Marcos
- US church shooter 'obsessed with idea of killing children'
- DMW, pharmaceutical firm sign agreement to boost access to medicines, hospital services for OFWs, families
- Recto: No exemption for US tech firms from digital tax
- Filipino member of AHOF K-pop group says Manila concert a dream come true
