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
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., This news data comes from:http://blsc-dnvr-vlp-hf.xs888999.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.
- N. Korea test-fires two 'new' air defense missiles
- Xi says China 'unstoppable' in parade opening speech
- ALPAS Consultancy bags five awards in Philippine Quill debut
- House resumes budget briefings
- Thai opposition's kingmaking summit fails to back new PM
- Some areas in Metro Manila, Bulacan to have brownouts due to maintenance work
- Trump hails Department of War rebrand as 'message of victory'
- Tariffs, migration and cartels will top Rubio's talks in Mexico and Ecuador this week
- Marcos urged to raise WPS resolution at UN
- Indonesia hosts annual US-led combat drills with Indo-Pacific allies
