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://jyxingfa.com
These estimates are based on the 4-day trading of Mean of Platts, Singapore, the pricing basis of refined goods in Southeast Asia.
Gasoline, diesel prices to increase again next week
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.
- Marcos urged to raise WPS resolution at UN
- PNP disputes China's crime advisory, says Philippines crime rate dropped
- Eight towns in Cotabato cancel classes on Monday
- Sara’s claims that corruption probe could be done in one day 'absolutely preposterous' – Palace
- A tale of two cities: San Mateo rejects Manila's trash; Rizal opens landfill to Malabon
- France seized by fears of new political crisis
- 'Pink and green' protests call for a reset in Indonesia
- Wife of Australian man wanted in police killings urges him to surrender
- Putin threatens to target Western troops in Ukraine
- Tensions soar in Indonesia as protests over police brutality and lawmakers' allowances continue
