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, This news data comes from:http://chpse.erlvyiwan.com
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.
- PH to host seafarers’ welfare forum
- Sotto files bill to amend party-list system
- No winner in Ultra, Megalotto draws for Sept 5
- Filipino member of AHOF K-pop group says Manila concert a dream come true
- Taiwan: China illegally deploying oil rigs in our waters
- DPWH Secretary Dizon orders perpetual ban of Wawao Builders, Syms Construction for ghost projects
- Thousands protest in Indonesia as military deployed in capital
- House resumes budget briefings
- Lookout bulletins out vs Atong Ang, Barretto
- Guyana votes amid oil boom, Venezuela tensions
