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., This news data comes from:http://www.yamato-syokunin.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.
- New law lets foreigner investors lease land for 99 years
- New judge to handle Dengvaxia cases named; hearing set
- Social pension eyed for indigent seniors
- India to cut taxes on hundreds of consumer goods to boost local demand following steep US tariffs
- COA launches sweeping audit of flood control projects
- Two dead as strong earthquake jolts Afghanistan
- New Quezon City judge to oversee Dengvaxia vaccine cases, sets hearing
- Pump prices increase for 2nd straight week
- Australia to tackle deepfake nudes, online stalking
- Ukraine says Russia linked to lawmaker's killing
