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://052298.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.
- Judge reverses Trump administration's cuts of billions of dollars to Harvard University
- Peace efforts in limbo as Kyiv mourns 23 dead
- BuCor chief calls for major reforms
- Trump rebrands Department of Defense as 'Department of War'
- Israel ups pressure on Gaza City
- Israel tells residents to leave Gaza City ahead of offensive
- China is showing off its weaponry in a tightly controlled military parade
- Comelec defers BARMM district reconstitution
- Ukraine drone attacks spark fires at Russia's Kursk nuclear plant, Novatek's Ust-Luga terminal.
- 13 massage therapists robbed, 2 cry rape
