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., This news data comes from:http://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.
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
- 'New' position being offered to Torre — Palace
- Ukraine offers to co-produce drones with Philippines for maritime patrols
- PH to host seafarers’ welfare forum
- New mining law to balance profit, ecology
- Marcos mum on Magalong joining independent commission for DPWH probe
- UP journalism professor chides Rep. Gomez over ‘media spin’ claims
- Majority of Filipinos unaware of vote buying in 2025 elections, OCTA survey shows
- BIR to audit contractors flagged for ghost flood projects for tax fraud — BIR
- De Lima bucks Lacson's budget 'experiment
- DFA: No US extradition request for Quiboloy
