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://ycyzqzxyh.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.
- DILG to roll out nationwide unified 911 hotline on Sept. 11
- House tackles P881B public works budget amid flood control anomalies
- Senate subpoenas 8 DPWH officials, contractors in flood control probe
- Israel city honors Quezon’s wartime rescue of Jews
- Sen. Go calls for round-the-clock DFA support for OFWs welfare
- ‘Lannie’ will bring rain showers, thunderstorms over North Luzon —Pagasa
- Maduro hits ‘illegal’ US troops deployment
- Trump withdraws Kamala Harris's Secret Service protection
- Iran-backed Houthis raid UN offices in Yemen and detain at least 11 employees
- Indonesia protests put spotlight on paramilitary police force
