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, This news data comes from:http://osnr-wud-jeq-qqjf.gyglfs.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.
- Lone bettor wins P86M in 6/42 lotto draw for Sept 6
- Drug war whistleblower Royina Garma returns to PH after US detention
- LGBTQ+ Catholics make Holy Year pilgrimage to Rome and celebrate a new sense of acceptance
- PH has chance of getting UNSC seat - Manalo
- Giovanni Lopez pledges to continue and expand DOTr reforms
- Marcos wants subpoena power for body investigating flood projects
- Discaya says her family owns nine companies
- Marcos names Dizon as DPWH secretary
- Strikes across Gaza Strip kill at least 31 as international scholars accuse Israel of genocide
- Gasoline, diesel prices to increase again next week
