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.
Gasoline, diesel prices to increase again next week, This news data comes from:http://onkwcsd.ycyzqzxyh.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.
- DOTr denies ordering shutdown of online selling platforms
- Navotas holds anti-plastic drive
- Veteran Thai politician Anutin Charnvirakul wins vote in Parliament to become next prime minister
- Marcos signs laws declaring holidays across PH
- Mexican senators come to blows after heated debate
- Venezuela builds up border security over US warships
- India warns Pakistan of more cross-border flooding due to heavy monsoon rains
- UN force in Lebanon slams Israeli drone attack on peacekeepers
- ‘Large shark’ kills man off Sydney beach
- Berlin urges Israel to 'immediately' improve humanitarian conditions in Gaza
