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, This news data comes from:http://ycyzqzxyh.com
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.
- COA launches sweeping audit of flood control projects
- Hope dwindles for survivors days after deadly Afghan quake
- Private groups back DHSUD chief's anti-corruption policy
- NKorea's Kim tells Xi hopes to 'steadily develop' ties – KCNA
- Oil firms to raise fuel prices this week
- Typhoon death toll rises in Vietnam as downed trees hamper rescuers
- SSS pension reform program starts in September
- Japan PM Ishiba bounces back in polls after election debacle
- Washington makes military aid overtures to Sahel juntas
- Marcos opens WorldSkills Asean competition
