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., This news data comes from:http://gangzhifhm.com
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.
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.
- ICC clears applications of 15 drug war victims to join proceedings vs Duterte
- Police general suspended for ‘obstruction’ of evidence in case of missing sabungeros
- Customs recovers 10 more Discaya luxury cars
- NHA gives cash aid to families affected by calamity in Manila
- Marcos signs laws declaring holidays across PH
- Immigration deports 49 South Korean fugitives
- DPWH exec asked lawmaker to make budget insertions — Lacson
- Marcos orders lifestyle check on all govt officials amid flood projects probe
- Marcos embarks on three-day state visit to Cambodia
- US appeals court finds Trump's global tariffs illegal
