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://svid.ycyzqzxyh.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.
Gasoline, diesel prices to increase again next week
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.
- Thai court to rule on PM's fate after Hun Sen call leak
- NKorea could produce ten to twenty nukes per year — SKorea leader
- Putin threatens to target Western troops in Ukraine
- Artikulo Onse' group calls for independent panel to probe flood control corruption
- Comelec probes 15 contractors for illegal campaign donations
- Dizon to abolish DPWH internal special investigation team created to look into the flood control anomalies
- Peru’s ex-president Toledo gets a second sentence in the Odebrecht corruption scandal
- Modi and Putin affirm special relationship as India faces steep US tariffs over Russian oil imports
- Police general suspended for ‘obstruction’ of evidence in case of missing sabungeros
- Drug war whistleblower Royina Garma returns to PH after US detention
