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://fmo-tcbv-ld-wce.xs888999.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.
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.
Gasoline, diesel prices to increase again next week
- Typhoon death toll rises in Vietnam as downed trees hamper rescuers
- Lookout bulletins out vs Atong Ang, Barretto
- Gasoline, diesel price hikes seen next week
- Palace slams Discaya couple's denial in Film Heritage Building debacle
- COA launches sweeping audit of flood control projects
- India to cut taxes on hundreds of consumer goods to boost local demand following steep US tariffs
- Israel military says controls 40 percent of Gaza City
- House resolution filed to investigate 'funders' of anomalous projects
- Comelec defers BARMM district reconstitution
- Japan pledges continued support for Philippine development projects
