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., This news data comes from:http://wgka-uh-pdsa-co.jyxingfa.com
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.
- DFA: No US extradition request for Quiboloy
- Pagasa sees two to four tropical cyclones hitting Philippines in September
- Duterte Youth brings Comelec cancelation battle to Supreme Court
- China to bolster non-Western alliances at summit, parade
- A suicide bombing near a political rally in southwestern Pakistan kills 13 and wounds 30
- DBP launches P50M program for education
- Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam
- Filipino fulfills dream of performing with K-pop group before home fans
- Trump threatens Russia with sanctions after biggest aerial attack on Ukraine
- Rise in HFMD cases due to better reporting, not outbreak
