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.gyglfs.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.
Gasoline, diesel prices to increase again next week
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.
- Filipino weightlifter Vanessa Sarno banned for 2 years for anti-doping violation
- DPWH engineer in bribery scandal placed under preventive suspension
- Israel military says controls 40 percent of Gaza City
- More funding sought for sports commission
- DSWD program reduced hunger
- Task force cites new threats to media workers
- Vietnam marks 80th independence anniversary with huge parade
- Comelec defers reconstitution of BARMM parliamentary districts
- Batangas engineer suspended after alleged bribery attempt on congressman Leviste
- Cebu Pacific to launch direct flights between Cebu and Palawan
