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.
Gasoline, diesel prices to increase again next week
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.
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.
- New judge to handle Dengvaxia cases named; hearing set
- China's Communist rulers push party role before World War II anniversary
- DPWH engineer in bribery scandal placed under preventive suspension
- Napoles gets 55 years for another ‘pork’ case
- Indonesia protests put spotlight on paramilitary police force
- Vico Sotto could challenge VP Sara in 2028 race – survey
- New Zealand to allow some wealthy foreign investors onto property market
- BuCor chief calls for major reforms
- La Niña forecast from Sept-Dec, expect more tropical cyclones, above normal rainfall -- Pagasa
- 17 House lawmakers press Marcos administration to raise WPS issue to UN
