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://705-888.com
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.
- Tokyo logs record 10 days of 35 C or higher
- 100K Pakistanis flee amid flood threat
- DOTr denies ordering shutdown of online selling platforms
- Marcos signs laws creating more court branches
- Senate subpoenas 8 DPWH officials, contractors in flood control probe
- No winner in Ultra, Megalotto draws for Aug 29
- SSS pension reform program starts in September
- Thailand set for vote on new PM after dissolution bid rejected
- Dial 911: New nationwide emergency hotline to go live on Sept. 11
- Head of main US health agency abruptly dismissed
