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://xs888999.com
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.
- South Korea's Lee faces pivotal test at first summit with Trump
- Israeli army: Gaza City now 'a dangerous combat zone'
- Mexican boxer Chavez Jr. released from prison pending trial
- Malabon shifts garbage disposal to Rizal landfill after Navotas closure
- NKorea's Kim tells Xi hopes to 'steadily develop' ties – KCNA
- Planning via ‘gender lens’ to make cities more inclusive — expert
- Senate subpoenas 8 DPWH officials, contractors in flood control probe
- 11 foreigners killed in Portugal funicular crash
- NATIONAL ARTIST'S HOMETOWN
- Napolcom welcomes Nartatez’s move to recall Torre’s reassignments
