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., This news data comes from:http://gangzhifhm.com
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.
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
Gasoline, diesel prices to increase again next week
- Trough of LPA, ‘habagat’ will bring rain showers, thunderstorms across PH
- Pag-IBIG Fund gives occupants 10% discount to legally buy acquired homes
- Artikulo Onse' group calls for independent panel to probe flood control corruption
- Rep. Tiangco reveals P17B flood control allocations linked to former appropriations chairman Rep. Zaldy Co
- Lookout bulletins out vs Atong Ang, Barretto
- Peru’s ex-president Toledo gets a second sentence in the Odebrecht corruption scandal
- AFP: It would take more than a tugboat to tow BRP Sierra Madre from Ayungin Shoal
- Customs finds only 2 luxury cars at contractor's compound in Pasig
- Australia's mushroom murderer faces victims' family in court
- Open mic caught Xi, Putin discussing immortality
