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., This news data comes from:http://kuglig.705-888.com
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.
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.
- Napoles guilty in another 'pork barrel' case, sentenced to 55 years in jail
- Venezuela builds up border security over US warships
- US Spirit Airlines files for bankruptcy again
- Youth group asks SC to stop postponement of SK polls, cites age-limit concerns
- No winner in Ultra, Megalotto draws for Sept 5
- Vico encourages citizens on Heroes’ Day to be brave
- UN force in Lebanon slams Israeli drone attack on peacekeepers
- Marcos wants subpoena power for body investigating flood projects
- BIR to audit contractors flagged for ghost flood projects for tax fraud — BIR
- Thai woman jailed for 43 years for lese majeste freed
