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.
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 news data comes from:http://lccfrmmx.jyxingfa.com
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.
- La Niña forecast from Sept-Dec, expect more tropical cyclones, above normal rainfall -- Pagasa
- Comelec delays implementation of decision disqualifying Duterte Youth Party-List
- Transport chief pushes shame campaign vs errant motorists
- Metro Manila disaster agencies expand response areas in preparation for 'Big One'
- Oil firms to hike pump prices Tuesday
- Tokyo logs record 10 days of 35 C or higher
- Trump frustrated after thinking he made headway on Russia-Ukraine talks only to see Putin balk
- LPA affects Metro Manila, Mindanao, Visayas
- NKorea could produce ten to twenty nukes per year — SKorea leader
- Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam
