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://vv-jet-nuo-ru.aichuwei.com
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.
- Quezon City launches 'Healthy QC' ordinance to combat childhood obesity
- China's Communist rulers push party role before World War II anniversary
- US senators to reinforce 'partnership' with Taiwan
- Comelec delays implementation of decision disqualifying Duterte Youth Party-List
- SpaceX scrubs latest Starship launch due to bad weather
- Nartatez vows fair assignments, better resource management as new PNP chief
- Indonesian finance minister's home looted as protest anger grows
- Marcos wants subpoena power for body investigating flood projects
- Court orders Immigration to release of Global Ferronickel Chairman Joseph Sy
- Indonesian police officer fired over killing that sparked protests
