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.
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., This news data comes from:http://pwkq-hes-xoup-jjyb.yamato-syokunin.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.
- Need a pee? Japan has QR code for that
- US warship heading toward Caribbean Sea
- Wildfire tears through California gold rush town
- No winner in Ultra, Megalotto draws for Sept 5
- Filipino fulfills dream of performing with K-pop group before home fans
- Humanoid robots showcase skills at Ancient Olympia. But they're on a long road to catch up to AI
- Australia's mushroom murderer faces victims' family in court
- 15 people hospitalized after double-decker bus crashes outside London's Victoria Station
- Seoul says fired warning shots after North Korean troops crossed border
- Nartatez relieves Fajardo as PNP spokesman
