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.
Gasoline, diesel prices to increase again next week
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://afolhvv.705-888.com
- Aid flotilla with Greta Thunberg set to sail for Gaza
- Hope dwindles for survivors days after deadly Afghan quake
- French couple kept panther that roamed nearby rooftops
- Transport chief pushes shame campaign vs errant motorists
- ‘40% of Filipinos obese’
- PH, Australia hold live fire drills during ALON 2025 in Nueva Ecija
- 1 in 4 people lack access to safe drinking water — UN
- Trump tells Europe to put economic pressure on China over Ukraine
- Public Works Chief Vince Dizon demands courtesy resignations to 'clean house'
- Sara Duterte calls DPWH flood control Inquiry a 'Zarzuela'
