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., This news data comes from:http://qqmawud.xs888999.com
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.
- 95 IMAGES OF MARY
- 1.2K pass Electrical Engineers exam
- 15 companies vie for 'Sustainability Champions' award
- DBP launches P50M program for education
- Ukraine eyes defense deal with PH that includes co-production of drones, says envoy
- Preliminary report on Lisbon funicular accident expected
- Israel warns Hamas to surrender or face 'annihilation'
- Israel flattens high-rise as it tells Gaza City residents to flee
- Ukraine offers to co-produce drones with Philippines for maritime patrols
- UN watchdog finds uranium traces at suspected Syrian former nuclear site
