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., This news data comes from:http://mhjh.gangzhifhm.com
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.
- Filipino weightlifter Vanessa Sarno banned for 2 years for anti-doping violation
- LTO told to summon 2 DPWH engineers with fake driver’s license
- A summit and parade in China may signal a geopolitical shift
- Japan pledges continued support for Philippine development projects
- Thai Court: PM Shinawatra violated ethics rules
- Oil firms to hike pump prices Tuesday
- Searchers retrieve bodies as Afghan quake toll seen to rise
- Zelenskyy meets European leaders on Ukraine security guarantees
- Rise in HFMD cases due to better reporting, not outbreak
- DOST, SM Supermalls partner to empower businesses with sustainable practices
