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., This news data comes from:http://gyglfs.com
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.
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.
- DOJ issues lookout order vs Atong Ang, others over missing cockfighters
- Fire breaks out in Manila residential area
- Duterte lawyers take aim at ICC prosecutor
- Judge reverses Trump administration's cuts of billions of dollars to Harvard University
- La Niña forecast from Sept-Dec, expect more tropical cyclones, above normal rainfall -- Pagasa
- MMDA readies for FIVB men’s volleyball
- Thailand's former Prime Minister Thaksin makes surprise departure ahead of a risky court ruling
- Globe partners with unconnected.org to provide remote schools with sustainable internet connectivity
- Wife of Australian man wanted in police killings urges him to surrender
- PAL plane bound for Osaka returns to Manila due to 'emergency' situation
