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.
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., This news data comes from:http://ndk-yha-jkp-lrjn.052298.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.
- Motive probed for US church shooting that killed 2 children, injured 17
- SSS pension reform program starts in September
- Task force cites new threats to media workers
- House justice panel to probe US' extradition request for Quiboloy
- PH Navy spots 20 Chinese ships near BRP Sierra Madre
- 'Large shark' kills man off Sydney beach
- Thai woman jailed for 43 years for lese majeste freed
- Roxas matriarch Judy Araneta-Roxas, 91
- A suicide bombing near a political rally in southwestern Pakistan kills 13 and wounds 30
- US appeals court blocks Trump's use of wartime law for deportations
