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.
Gasoline, diesel prices to increase again next week, This news data comes from:http://redcanaco.com
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.
Gasoline, diesel prices to increase again next week
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- Actress Angel Aquino victim of 'deepfake,' seeks prosecution of perpetrators of cyber pornography
- Strikes across Gaza Strip kill at least 31 as international scholars accuse Israel of genocide
- Pacifist Japan struggles to boost troops as China anxiety grows
- New DPWH chief Dizon: "A department can't investigate itself"
- Pagasa sees two to four tropical cyclones hitting Philippines in September
- PH, Australia, Canada hold joint sea drills
- Pangilinan urges Marcos Jr. to prioritize bill aiding farmers, fishermen
- No winner in Ultra, Megalotto draws for Aug 29
- Pakistanis no reprieve from floods yet
- Philippine forces deliver supplies and personnel to disputed South China Sea shoal despite tensions
