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://www.erlvyiwan.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.
- Fears of new political crisis grip France
- No winner in Ultra, Megalotto draws for Sept 5
- Hontiveros wants Senate to probe Chinese who pretended to be Filipino
- National Guard troops begin carrying weapons in US capital
- Makati earns high rating in anti-trafficking and violence assessment
- House suspends DPWH budget deliberations pending submission of changes by agency, DBM
- Heavy rains flood parts of Metro Manila anew
- No winner in lotto draws for Aug 23
- SpaceX scrubs latest Starship launch due to bad weather
- Cusi charged over Malampaya deal
