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.
Gasoline, diesel prices to increase again next week, This news data comes from:http://yx-gwed-bui-ds.yamato-syokunin.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.
- Manila mayor warns against mobs, orders police to maintain peace and order
- LBC Express Holdings top executive to retire in Oct.
- Sara favors punishing officials, lifestyle checks
- Four children killed by parents in Dominican Republic — police
- Searchers retrieve bodies as Afghan quake toll seen to rise
- Comelec en banc upholds cancelation of Duterte Youth Party-List registration
- LPA east of Surigao del Sur may intensify into tropical depression
- US approves .5M in assistance to Nigeria to help address hunger
- Firefighters arrested by US immigration officials
- UN watchdog finds uranium traces at suspected Syrian former nuclear site
