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://vxw-ta-wgd-wx.yamato-syokunin.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
- Oil firms to raise fuel prices this week
- Malaysia warns TikTok vs cyberbullying, deepfakes
- Marcos signs mining tax regime law
- China's Xi holds talks with North Korea's Kim in Beijing
- Prince Harry to visit UK on anniversary of queen's death
- Malabon shifts garbage disposal to Rizal landfill after Navotas closure
- UN food agency chief says women and children are starving in Gaza and pressed Netanyahu on aid
- UN watchdog finds uranium traces at suspected Syrian former nuclear site
- US senators to reinforce 'partnership' with Taiwan
- Indonesia leader orders investigation into driver's protest death
