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.
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 news data comes from:http://pvg-carm-yiws-fw.yamato-syokunin.com
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- 13 massage therapists robbed, 2 cry rape
- South Korean prosecutors indict Yoon's wife, former PM
- Pangilinan urges Marcos Jr. to prioritize bill aiding farmers, fishermen
- Thai opposition's kingmaking summit fails to back new PM
- Heavy rains flood parts of Metro Manila anew
- DPWH chief rejects calls to resign as he vows to probe corruption in flood control projects
- 'Pink and green' protests call for a reset in Indonesia
- New DPWH chief Dizon: "A department can't investigate itself"
- Israel military says controls 40 percent of Gaza City
- A summit and parade in China may signal a geopolitical shift
