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://dkl-hrr-dko-ar.xs888999.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
- San Juan commemorates first revolution under Spanish rule in 129th Araw ng Pinaglabanan
- PH Navy spots 20 Chinese ships near BRP Sierra Madre
- Iran-backed Houthis raid UN offices in Yemen and detain at least 11 employees
- Palace slams Discaya couple's denial in Film Heritage Building debacle
- Afghan quake death toll surges to over 2,200
- Support grows for independent probe into flood control projects
- Philippines nears universal healthcare, 80% goal achieved -- Marcos
- Manila Water announces service disruption for over 12K households in Mandaluyong due to leak repair
- Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam
- Taiwan: China illegally deploying oil rigs in its waters
