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.
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.
Gasoline, diesel prices to increase again next week, This news data comes from:http://dyr-pn-jyod-kl.yamato-syokunin.com
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.
- Malabon shifts garbage disposal to Rizal landfill after Navotas closure
- Australia to tackle deepfake nudes, online stalking
- Customs finds only 2 luxury cars at contractor's compound in Pasig
- No winner in lotto draws for Aug 23
- Trump says he'll keep extending TikTok shutdown deadline
- China to bolster non-Western alliances at summit, parade
- Thailand acting PM moves to dissolve parliament — party
- Former president Duterte's health stable despite high blood sugar, says VP Sara
- La Niña may return but temperatures will remain high, UN says
- Alex Eala makes history With comeback victory at US Open
