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.
Gasoline, diesel prices to increase again next week, This news data comes from:http://ckj-dtk-fxoy-eqeu.redcanaco.com
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.
- Customs recovers 10 more Discaya luxury cars
- Thailand set for vote on new PM after dissolution bid rejected
- SSS hails Marcos, Recto for initiating pension reforms, including one to be rolled out in Sept
- Hope dwindles for survivors days after deadly Afghan quake
- The rot goes deep: Marcos decries decades-old corruption
- Kris Aquino is alive, says friend amid reports of death
- Workers urge Marcos to stop corruption by banning political dynasties
- ICC clears applications of 15 drug war victims to join proceedings vs Duterte
- Indonesia hosts annual US-led combat drills with Indo-Pacific allies
- Pope Leo: We must listen first before speaking
