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://hp-acn-hfpb-cj.aichuwei.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.
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.
- Open mic caught Xi, Putin discussing immortality
- Majority of Filipinos unaware of vote buying in 2025 elections, OCTA survey shows
- Filipino member of AHOP K-pop group says Manila concert a dream come true
- Recto: No exemption for US tech firms from digital tax
- Red Cross head says mass evacuation of Gaza City 'impossible'
- Filipino fulfills dream of performing with K-pop group before home fans
- Venezuela builds up border security over US warships
- Batangas engineer suspended after alleged bribery attempt on congressman Leviste
- Trump plans a hefty tax on imported drugs, risking higher prices and shortages
- Meeting South Korea, Trump could eye new chance with North
