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.
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.
Gasoline, diesel prices to increase again next week, This news data comes from:http://www.jyxingfa.com
- Argentina hunts Nazi-looted painting revealed in property ad
- Nartatez vows fair assignments, better resource management as new PNP chief
- Govt monitoring Chinese ‘sleeper agents’ in PH
- P1.7-M shabu seized in Taguig buy-bust
- Israeli defense minister warns of Gaza City's destruction unless Hamas yields to his country's terms
- GoTyme gives customers 20 free InstaPay transfers per month
- Escudero urges list of unfundable projects for 2026 budget
- 'Strangest' dinosaur covered in spiked armory – scientists
- 500 Internal Server Error
- Trump tells Europe to put economic pressure on China over Ukraine
