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., This news data comes from:http://kb.705-888.com
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.
- Pasig fire kills child, injures mother as she tries to save him
- A tale of two cities: San Mateo rejects Manila's trash; Rizal opens landfill to Malabon
- 4 of 15 contractors on Marcos list have clean records – DPWH
- Searchers retrieve bodies as Afghan quake toll seen to rise
- 'Lannie' exits PH — Pagasa
- Tariffs, migration and cartels will top Rubio's talks in Mexico and Ecuador this week
- Read to reduce sentence, Uzbekistan tells prisoners
- Comelec probes 15 govt contractors over 2022 election donations
- Sotto files bill to amend party-list system
- Modi, Ishiba agree to boost economic ties
