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://redcanaco.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.
Gasoline, diesel prices to increase again next week
- Alice Guo faces new cases over POGO land
- Ukraine eyes defense deal with PH that includes co-production of drones, says envoy
- DSWD allocates P6.2B for livelihood program
- Marcos signs mining tax regime law
- Some areas in Metro Manila, Bulacan to have brownouts due to maintenance work
- Customs preparing report on Discayas’ 28 luxury cars
- PH has chance of getting UNSC seat - Manalo
- Nepal to block unregistered social media platforms – govt
- PCG seeks to expand drone use to maritime patrols, law enforcement
- Marcos wants subpoena power for body investigating flood projects
