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.
Gasoline, diesel prices to increase again next week, This news data comes from:http://uhy.xs888999.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
- Classes suspended in 10 Metro Manila cities due to rains
- Evicted from their forests, Kenyan hunter-gatherers fight for their rights
- Judge reverses Trump administration's cuts of billions of dollars to Harvard University
- House resumes budget briefings
- Sotto files bill to amend party-list system
- 15 drug war victims cleared to join Duterte's ICC case
- New law lets foreigner investors lease land for 99 years
- Fears of new political crisis grip France
- Japan pledges continued support for Philippine development projects
- Xi and Putin's hot mic moment: How long will science extend the human life span?
