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.
These estimates are based on the 4-day trading of Mean of Platts, Singapore, the pricing basis of refined goods in Southeast Asia., This news data comes from:http://www.xs888999.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.
- North Korean leader inspects new missile factory ahead of visit to China
- Thai opposition's kingmaking summit fails to back new PM
- Venezuela deploys warships, drones as US destroyers draw near
- Marcos to youth: Help in nation-building
- Pagasa monitors LPA off Cavite, may still become tropical depression
- President Marcos launches HD Hyundai Shipyard in Subic
- GoTyme gives customers 20 free InstaPay transfers per month
- Napolcom welcomes Nartatez’s move to recall Torre’s reassignments
- Modi: India, Japan to 'shape the Asian century'
- Indonesian finance minister's home looted as protest anger grows
