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., This news data comes from:http://whr-wu-wqu-tg.aichuwei.com
Gasoline, diesel prices to increase again next week
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.
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- La Niña forecast from Sept-Dec, expect more tropical cyclones, above normal rainfall -- Pagasa
- Senate subpoenas 8 DPWH officials, contractors in flood control probe
- Shooting of Indonesian diplomat in Peru investigated as a contract killing
- Gaza at 'breaking point,' says UN food agency chief after visit
- Police general suspended for ‘obstruction’ of evidence in case of missing sabungeros
- Marcos opens Hyundai's shipyard in PH
- What to know about Indonesia's nationwide unrest over lawmakers' perks
- Thailand ruling party moves to dissolve parliament
- Giovanni Lopez pledges to continue and expand DOTr reforms
- Marcos to youth: Help in nation-building
