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.
Gasoline, diesel prices to increase again next week
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.
Gasoline, diesel prices to increase again next week
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., This news data comes from:http://aelj-ugv-umog-lup.gyglfs.com
- Trump threatens Russia with sanctions after biggest aerial attack on Ukraine
- 102-year-old becomes oldest person to summit Mount Fuji
- Court orders Immigration to release of Global Ferronickel Chairman Joseph Sy
- ICC clears applications of 15 drug war victims to join proceedings vs Duterte
- Nepal to block unregistered social media platforms – govt
- House panel defers 2026 DPWH budget until agency submit changes
- Nartatez to reassign Torre if he won't retire, says they're 'okay'
- Cooperatives group lauds Konektadong Pinoy Law as milestone in digital inclusion
- New Quezon City judge to oversee Dengvaxia vaccine cases, sets hearing
- Indonesia protests put spotlight on paramilitary police force
