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://771bg.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.
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.
Gasoline, diesel prices to increase again next week
- Peru’s ex-president Toledo gets a second sentence in the Odebrecht corruption scandal
- Vietnam evacuates thousands ahead of Typhoon Kajiki
- Vietnam marks 80th independence anniversary with huge parade
- Marcos signs law giving 99-year land lease to foreign investors
- Two dead as strong earthquake jolts Afghanistan
- DPWH told to build evacuation centers
- Unnamed skeletons? US museum at center of ethical debate
- Alex Eala targets US Open Round of 32 in rematch against Spanish rival
- PNP chief leads fun run
- Xi and Putin's hot mic moment: How long will science extend the human life span?
