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://ycyzqzxyh.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.
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
- Court rules on subdivision open spaces, road lots
- PNP chief Torre relieved from post — Palace
- Pagasa: Rainy Monday over Visayas, Luzon areas due to LPA, 'habagat'
- Former president Duterte's health stable despite high blood sugar, says VP Sara
- President Marcos Jr. visits Cambodia to strengthen ties
- 15 people hospitalized after double-decker bus crashes outside London's Victoria Station
- Alice Guo faces new cases over POGO land
- Surfacing of WPS features ‘likely’ natural occurrence, not due to dumped crushed corals
- Harold Cabreros takes post as new OCD chief
- Israel ups pressure on Gaza City as Trump talks post-war plan
