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.
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://www.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.
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.
- Alice Guo faces new cases over POGO land
- 15 people hospitalized after double-decker bus crashes outside London's Victoria Station
- Xi says China 'unstoppable' in parade opening speech
- Some areas in Metro Manila, 5 provinces to have power interruptions due to maintenance works
- Inoue says taunts 'missed the target' ahead of world title clash
- Luzon dams release water due to southwest monsoon
- Washington makes military aid overtures to Sahel juntas
- Sotto takes oath as Senate president
- AboitizPower pushes growth with clean, renewable energy
- India to probe giant zoo run by son of Asia's richest person
