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://ldlajs.xs888999.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.
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.
- Vico Sotto's viral post sparks ethics debate, elicits response from journalists
- Manila mayor warns against mobs, orders police to maintain peace and order
- Lacson clears air over conflict with Marcoleta on flood control probe
- PH doesn't recognize Taiwan as sovereign state, stands by 'One China Policy' -- Foreign Affairs chief
- Floods kill over 30 in Indian-controlled Kashmir, displace 150,000 in east Pakistan
- Gasoline, diesel prices to increase again next week
- Trump moves to cut more foreign aid, risking shutdown
- VP Sara lauds Filipino heroes
- Philippines calls for Gaza ceasefire amid humanitarian crisis
- 1.2K pass Electrical Engineers exam
