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.
Gasoline, diesel prices to increase again next week, This news data comes from:http://ndrd-mqyy-hs-wdf.redcanaco.com
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.
Gasoline, diesel prices to increase again next week
- PH, Australia, Canada hold maritime drills in West Philippine Sea
- Xi and Putin round on West at regional summit in China
- Marcos signs laws creating more court branches
- 15 drug war victims cleared to join Duterte's ICC case
- Lacson warns lawmakers may be complicit in ghost flood control projects
- Kris Aquino is alive, says friend amid reports of death
- May 12 poll results accurate, credible - OCTA Research
- Philippine experts urge harm reduction strategy for tobacco control
- Head of main US health agency abruptly dismissed
- DILG to roll out nationwide unified 911 hotline on Sept. 11
