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://erlvyiwan.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.
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.
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.
- Earthquake in eastern Afghanistan kills at least 610 people and injures 1,300
- Youth group to SC: Stop postponement of BSKE
- Taiwan: China illegally deploying oil rigs in its waters
- Students, faculty file complaint against Universidad de Manila president
- Protesters storm Discaya compound, Sotto calls for calm
- Discayas to file raps vs protesters, will attend Senate hearing — lawyer
- Trump to blacklist countries for imprisoning Americans
- Trump stamps 'dictator chic' on Washington
- Iran says open to US nuclear talks, rejects missile curbs
- Philippines presses call for ceasefire in Gaza
