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://redcanaco.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.
Gasoline, diesel prices to increase again next week
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
- Duterte Youth brings Comelec cancelation battle to Supreme Court
- 2 policemen placed under preventive custody for allegedly molesting a female colleague in Marikina
- DOTr denies ordering shutdown of online selling platforms
- Bolsonaro verdict looms as Brazil coup trial closes
- Palace hits Discayas over ‘misinformation’ on PH film center project
- DILG suspends classes, gov’t work in 17 areas
- Palace to Discayas: Prove allegations
- Manila Water announces service disruption for over 12K households in Mandaluyong due to leak repair
- No winner in Ultra, Megalotto draws for Aug 29
- Transport chief pushes shame campaign vs errant motorists
