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.
Gasoline, diesel prices to increase again next week, This news data comes from:http://llyndpi.gangzhifhm.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.
- Xi says China 'unstoppable' in parade opening speech
- Social media erupts: Politicians' children face backlash for flaunting wealth
- Five journalists among 20 killed in Israeli strikes on Gaza hospital
- Maryland resident is diagnosed with New World screwworm. What to know about the parasite
- Former DPWH chief denies links to corruption
- Philippine experts urge harm reduction strategy for tobacco control
- La Niña forecast from Sept-Dec, expect more tropical cyclones, above normal rainfall -- Pagasa
- LPA trough, 'habagat' to bring rains in parts of Luzon, including Metro Manila
- Sara’s claims that corruption probe could be done in one day 'absolutely preposterous' – Palace
- DBP launches P50M program for education
