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., This news data comes from:http://jg-aixa-tm-xctp.xs888999.com
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.
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.
- Pagasa monitors LPA off Cavite, may still become tropical depression
- MMDA proposes rainwater facilities in Camp Aguinaldo to mitigate EDSA flooding
- May 12 poll results accurate, credible - OCTA Research
- Palace: Govt monitoring Chinese sleeper agents, PLA presence in PH
- Marcos orders 'sweeping review' of DPWH budget under 2026 NEP
- Taiwan's Lai ups defense spending target to 5% of GDP
- Major road closures in Manila announced for 2025 Bar Examinations
- PH doesn't recognize Taiwan as sovereign state, stands by 'One China Policy' -- Foreign Affairs chief
- Gasoline, diesel prices to increase by P1 next week
- PH Defense chief slammed for 'bad mouthing' China
