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.
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., This news data comes from:http://ft-jtk-rots-ojt.jyxingfa.com
- La Salle vows to help ease Ortigas traffic
- Budget shortfall narrows in July
- Chinese sleeper agents' and PLA operatives a threat, Lacson warns
- House starts flood control probe
- Trump health misinformation swirls despite denial
- Marcos 'ready' to undergo lifestyle check- Palace
- Chery Tiggo survives Creamline in cardiac five-setter in PVL Invitationals
- Tokyo protests to Beijing over gas field in East China Sea
- Sara Duterte calls DPWH flood control Inquiry a 'Zarzuela'
- Duterte defense files more motions challenging ICC prosecutor
