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://aichuwei.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.
Gasoline, diesel prices to increase again next week
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- LBC Express Holdings top executive to retire in Oct.
- 'Trump Whisperer' ex-minister joins Japan PM race
- Dial 911: New nationwide emergency hotline to go live on Sept. 11
- Sen. Go calls for round-the-clock DFA support for OFWs welfare
- Trump move to cut more foreign aid risking shutdown
- 40% of Filipinos are now obese, says Health expert
- US warship heading toward Caribbean Sea
- Indonesian leader fires ministers of finance and security after deadly protests
- Petitioners challenge claim NAIA fees lowest in Southeast Asia
- Thailand's suspended prime minister testifies over phone call that could get her booted from job
