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://052298.com
Gasoline, diesel prices to increase again next week
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.
Gasoline, diesel prices to increase again next week
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- Firefighters arrested by US immigration officials
- Kneecap to play Paris concert in defiance of objections
- Palace rejects Sara's offer of 'free advice' on flood solutions, says to give it to 'Mayor Baste' instead
- International media protest over journalist deaths in Gaza
- Pope Leo: We must listen first before speaking
- Read to reduce sentence, Uzbekistan tells prisoners
- Lookout bulletins out vs Atong Ang, Barretto
- Trump hails Department of War rebrand as 'message of victory'
- Israel military says controls 40 percent of Gaza City
- Chery Tiggo survives Creamline in cardiac five-setter in PVL Invitationals
