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., This news data comes from:http://aichuwei.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.
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.
- Go seeks more support for Filipino athletes
- Court orders Immigration to release of Global Ferronickel Chairman Joseph Sy
- Venezuela deploys warships, drones as US destroyers draw near
- Globe partners with unconnected.org to provide remote schools with sustainable internet connectivity
- Marcos signs mining tax regime law
- Fears of new political crisis grip France
- Tariffs, migration and cartels will top Rubio's talks in Mexico and Ecuador this week
- 1 in 4 people lack access to safe drinking water — UN
- Tokyo protests to Beijing over gas field in East China Sea
- House justice panel to probe US' extradition request for Quiboloy
