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://lvn-by-wqu-ypy.xs888999.com
Gasoline, diesel prices to increase again next week
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.
- PH has chance of getting UNSC seat - Manalo
- Marcos declares holidays for 2026
- 'Perfect storm': UK fishermen reel from octopus invasion
- Wildfire tears through California gold rush town
- GoTyme gives customers 20 free InstaPay transfers per month
- 'Large shark' kills man off Sydney beach
- Madagascar welcomes home skulls of Indigenous warriors taken by French colonial troops 128 years ago
- 4 of 15 contractors on Marcos list have clean records – DPWH
- Motive probed for US shooting that killed two children, injured 17
- Japanese climber, 102, sets Mount Fuji record
