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., This news data comes from:http://www.gangzhifhm.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.
Gasoline, diesel prices to increase again next week
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 week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
Gasoline, diesel prices to increase again next week
- In Taiwan, competing narratives over the meaning of China's massive military show
- Thai opposition holds kingmaking summit deciding new PM
- House probe tackles flood control corruption: Lawmakers disclose conflicts of interest
- Nartatez vows to be fair in making reassignments
- Manila marks National Heroes Day with job fair
- Globe: Mobile data helps drive national progress
- DPWH exec asked lawmaker to make budget insertions — Lacson
- Marcos lauds Filipinos for role in nation building on National Heroes Day
- Rubio says US warned France on Israel annexation moves
- Tax bureau hunts down contractors over questionable flood control deals
