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., This news data comes from:http://771bg.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.
Gasoline, diesel prices to increase again next week
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- Alex Eala makes history With comeback victory at US Open
- Former Bulacan district engineer admits going to casinos
- DPWH to revisit budget, to complete revisions within 2 weeks
- Pagasa monitors LPA off Cavite, may still become tropical depression
- NATO members to reach 2% defense spending goal this year
- Nepal to block unregistered social media platforms – govt
- Surfacing of WPS features ‘likely’ natural occurrence, not due to dumped crushed corals
- Mexican boxer Chavez Jr. released from prison pending trial
- Gaza at 'breaking point,' says UN food agency chief after visit
- Trump moves to limit US stays of students, journalists
