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, This news data comes from:http://ehw-cyoc-cjm-ksn.052298.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.
- Open mic caught Xi, Putin discussing immortality
- In Taiwan, competing narratives over the meaning of China's massive military show
- Modi reaffirms India's support for Ukraine peace settlement during call with Zelenskyy
- Filipino member of AHOP K-pop group says Manila concert a dream come true
- Earthquake kills 250, injures 500 in Afghanistan
- Indonesia hosts annual US-led combat drills with Indo-Pacific allies
- Thailand acting PM moves to dissolve parliament — party
- Puno seeks probe of anomalous projects ‘funders’
- PH Defense chief slammed for 'bad mouthing' China
- PH, Australia commend ‘impressive’ joint sea drills
