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
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., This news data comes from:http://www.aichuwei.com
- Marcos signs laws creating more court branches
- Iran confers with European nations on its nuclear program as sanctions deadline nears
- Nepal to block unregistered social media platforms – govt
- Passenger with fake Overseas Employment Certificate barred from leaving
- BIR to audit contractors flagged for ghost flood projects for tax fraud — BIR
- Taylor Swift, Travis Kelce engaged
- Thai court to rule on PM's fate after Hun Sen call leak
- La Niña forecast from Sept-Dec, expect more tropical cyclones, above normal rainfall -- Pagasa
- Israeli forces seize nearly 0,000 in West Bank raid
- Thailand's Parliament to vote Friday for a new prime minister
