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://aichuwei.com
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.
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.
- Japan PM decides to quit as opponents seek leadership election
- Pope declares 'God's influencer' first millennial saint
- Typhoon death toll rises in Vietnam as downed trees hamper rescuers
- Nartatez vows fair assignments, better resource management as new PNP chief
- US Spirit Airlines files for bankruptcy again
- Nartatez relieves Fajardo as PNP spokesman
- PNP chief Torre relieved, Nartatez to take over
- Lacson: House can't return proposed 2026 budget to Palace
- Sara favors punishing officials, lifestyle checks
- LTO summons driver who berated MMDA enforcer
