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., This news data comes from:http://pw.erlvyiwan.com
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.
Gasoline, diesel prices to increase again next week
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- MMDA proposes rainwater facilities in Camp Aguinaldo to mitigate EDSA flooding
- Macron's decision to recognize Palestinian state angers Israel and the US
- Former DPWH chief denies links to corruption
- Lone bettor wins P86M in 6/42 lotto draw for Sept 6
- Marcos to attend UN meet in New York in Sept- Palace
- LPA may still develop into short-lived tropical cyclone
- No winner in Ultra, Megalotto draws for Sept 5
- Customs recovers 10 more Discaya luxury cars
- Go seeks more support for Filipino athletes
- Thai Court: PM Shinawatra violated ethics rules
