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., This news data comes from:http://www.erlvyiwan.com
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
- Pagasa monitors LPA off Cavite, may still become tropical depression
- Choose Ombudsman with integrity, intelligence, insight – Cayetano
- Protesters storm Discaya compound for second straight day
- Ukraine eyes defense deal with PH that includes co-production of drones, says envoy
- Made in China? The remarkable tale of Venice's iconic winged lion
- Support grows for independent probe into flood control projects
- Xi and Putin reaffirm 'old friend' ties in the face of US challenges
- Majority of Filipinos unaware of vote buying in 2025 elections, OCTA survey shows
- Dizon to order DPWH officials to submit courtesy resignation
- Need a pee? Japan has QR code for that
