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., This news data comes from:http://chgh.xs888999.com
Gasoline, diesel prices to increase again next week
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.
- LPA has big chance of intensifying into tropical cyclone to be named ‘Kiko’
- DMW: 19 distressed OFWs return home from Jeddah
- Surfacing of WPS features ‘likely’ natural occurrence, not due to dumped crushed corals
- Follow the trucks: Why investors are looking south of Metro Manila
- SC acquits suspect in 2012 killing of Dutch aid worker over doubtful testimonies
- ICC wants Garma to testify in Duterte case
- Australia halts logging for koala haven on eastern coast
- Magnitude 5.3 earthquake rocks Dinagat Islands
- Aftershocks rumble quake-hit Afghanistan as death toll tops 1,400
- Marcos lauds Alex Eala’s win in Guadalajara
