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.
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 news data comes from:http://ctjhm.xs888999.com
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.
- P270M rock shed useless – Marcos
- 40% of Filipinos are now obese, says Health expert
- PH Navy spots 20 Chinese ships near BRP Sierra Madre
- DILG to roll out nationwide unified 911 hotline on Sept. 11
- PH, Australia, Canada hold maritime drills in West Philippine Sea
- Comelec en banc upholds cancelation of Duterte Youth Party-List registration
- Suspect in 2012 killing of Dutch aid worker freed
- Comelec upholds cancelation of Duterte Youth registration
- LPA has big chance of intensifying into tropical cyclone to be named ‘Kiko’
- Pagasa monitors 2 LPAs inside PAR; prevailing 'habagat' brings rain across PH
