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://yamato-syokunin.com
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.
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
- NKorea accuses South of ‘serious provocation’
- DSWD allocates P6.2B for livelihood program
- Artikulo Onse' group calls for independent panel to probe flood control corruption
- Alex Eala targets US Open Round of 32 in rematch against Spanish rival
- A tale of two cities: San Mateo rejects Manila's trash; Rizal opens landfill to Malabon
- DMW, pharmaceutical firm sign agreement to boost access to medicines, hospital services for OFWs, families
- ‘Isang’ decelerates as it crosses Quirino, to exit PH Saturday -- Pagasa
- 15 people hospitalized after double-decker bus crashes outside London's Victoria Station
- Lacson seeks probe of 2 PH contractors' board members for conflict of interest
- House committee subpoenas Sarah Discaya, 4 other contractors over flood control project anomalies
