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.
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.
Gasoline, diesel prices to increase again next week, This news data comes from:http://yamato-syokunin.com
- Escudero subpoenas 5 contractors, 3 DPWH executives to Senate probe
- Putin and Modi in China for summit hosted by Xi
- Pag-IBIG: More than 25k register for socialized housing units under Expanded 4PH
- Mass housing developers laud Pag-IBIG Fund
- San Juan commemorates first revolution under Spanish rule in 129th Araw ng Pinaglabanan
- Appointments panel holds first session
- Police officers face more charges in missing cockfight enthusiasts case
- Peace efforts in limbo as Kyiv mourns 23 dead
- House party leaders want to return proposed 2026 budget to Executive
- Cyclone's trough, habagat will bring cloudy skies, rain showers over PH
