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.
Gasoline, diesel prices to increase again next week
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., This news data comes from:http://jyxingfa.com
- Brawner orders troops: Stop China from boarding BRP Sierra Madre at all costs
- NKorea accuses South of ‘serious provocation’
- IBP to form good governance panel
- Marcos signs laws declaring holidays across PH
- China races to build world’s largest solar farm
- Surfacing of WPS features ‘likely’ natural occurrence, not due to dumped crushed corals
- Earthquake kills 250, injures 500 in Afghanistan
- 'Strangest' dinosaur covered in spiked armory — Scientists
- Japan PM Ishiba bounces back in polls after election debacle
- No winner in lotto draws for Aug 23
