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.
Gasoline, diesel prices to increase again next week, This news data comes from:http://www.aichuwei.com
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- SSS rolls out historic pension reform program
- House panel defers 2026 DPWH budget until agency submit changes
- Sara mum, but brother thinks Torre removal due to PNP's 'internal conflicts'
- Prince Harry to visit UK on anniversary of queen's death
- Maryland resident is diagnosed with New World screwworm. What to know about the parasite
- SC clarifies rules on land ownership
- India will not 'bow down,' trade minister says after US tariffs
- Marcos opens Hyundai's shipyard in PH
- Pagasa sees cyclone-free week across PH
- LPA trough, 'habagat' to bring rains in parts of Luzon, including Metro Manila
