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.
Gasoline, diesel prices to increase again next week, This news data comes from:http://raw-bn-nn-mer.705-888.com
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.
- Chinese sleeper agents' and PLA operatives a threat, Lacson warns
- 95 IMAGES OF MARY
- Nepal to block unregistered social media platforms – govt
- SpaceX cancels Starship megarocket launch
- Evicted from their forests, Kenyan hunter-gatherers fight for their rights
- Ukraine drone attacks spark fires at Russia's Kursk nuclear plant, Novatek's Ust-Luga terminal.
- Puno seeks probe of anomalous projects ‘funders’
- Lacson clears air over conflict with Marcoleta on flood control probe
- Govt preparations for WorldSkills PH hosting go 'full blast'
- New mining law to balance profit, ecology
