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://www.yamato-syokunin.com
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.
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.
- Remulla pledges transparency and impartiality as Ombudsman
- An AI simulation of a Mount Fuji eruption is being used to prepare Tokyo for the worst
- Comelec to resume BARMM polls ballot printing Thursday
- Japan accelerates missile deployment amid rising regional tensions
- CFO moves office from QC to Pasay
- National Guard troops begin carrying weapons in US capital
- Housing secretary declares 'zero-tolerance' policy on corruption
- In Taiwan, competing narratives over the meaning of China's massive military show
- Petitioners challenge claim NAIA fees lowest in Southeast Asia
- MMDA proposes rainwater facilities in Camp Aguinaldo to mitigate EDSA flooding
