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://kap.aichuwei.com
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.
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.
- Filipino weightlifter Vanessa Sarno banned for 2 years for anti-doping violation
- Arjo Atayde, Vice Ganda, Marian Rivera win top acting honors at 73rd FAMAS Awards
- UP journalism professor chides Rep. Gomez over ‘media spin’ claims
- LPA affects Metro Manila, Mindanao, Visayas
- Indonesia hosts annual US-led combat drills with Indo-Pacific allies
- PH, Australia hold live fire drills during ALON 2025 in Nueva Ecija
- PH, Australia, Canada hold maritime drills in West Philippine Sea
- Thai woman jailed for 43 years for lese majeste freed
- Can a giant seawall save Indonesia's disappearing coast?
- 'Strangest' dinosaur covered in spiked armory — Scientists
