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., This news data comes from:http://www.705-888.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.
Gasoline, diesel prices to increase again next week
- Comelec defers reconstitution of BARMM parliamentary districts
- Pagasa: Rainy Monday over Visayas, Luzon areas due to LPA, 'habagat'
- CFO office moves from Quezon City to Pasay
- Scramble for survivors as Afghan earthquake death toll passes 1,400
- 500 Internal Server Error
- Napoles guilty in another 'pork barrel' case, sentenced to 55 years in jail
- Eala ousts Day, enters Guadalajara Open final
- DILG denies allegations that PNP chief fired over firearms deal
- Wawao Builders exec ‘not sure’ if company has flood control project in Bulacan
- Rains over Metro Manila, parts of PH as LPA may develop into 'short-lived' tropical depression
