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., This news data comes from:http://tnacely.gyglfs.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.
- Comelec probes 15 contractors for illegal campaign donations
- COA probes Iqbal on spending of P1.7B in one day
- Red Cross head says mass evacuation of Gaza City 'impossible'
- Mandela grandson says he will join Gaza aid boat
- Napolcom confirms Lt. Gen. Nartatez as acting PNP chief
- Summer brings overtourism fears for 'Bavarian Caribbean'
- Putin tells Xi China-Russia ties are at 'unprecedented level'
- Isko Moreno files charges against contractor over illegal demolition of sports complex in Manila
- Taiwan, China locked in historical word war
- Mexican senators come to blows after heated debate
