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://uka.erlvyiwan.com
Gasoline, diesel prices to increase again next week
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.
- Seoul says over 300 South Koreans held in US battery plant site raid
- ICC postpones Duterte’s confirmation hearing after defense panel cites fitness concerns
- Police officers face more charges in missing cockfight enthusiasts case
- Petitioners challenge claim NAIA fees lowest in Southeast Asia
- Afghanistan earthquake kills more than 800
- US approves .5M in assistance to Nigeria to help address hunger
- Sotto willing to testify in Senate probe of flood control anomalies if summoned
- EU massive fine against Google draws Trump threat
- PH has chance of getting UNSC seat - Manalo
- Mexican senators come to blows after heated debate
