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://yp.ycyzqzxyh.com
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
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.
- Lacson wants 1-year 'experiment' to break cycle of corruption in the budget process
- Ukraine says Russia linked to lawmaker's killing
- A summit and parade in China may signal a geopolitical shift
- French couple kept panther that roamed nearby rooftops
- LTO summons driver who berated enforcer
- Aftershocks rumble quake-hit Afghanistan as death toll tops 1,400
- Cusi charged over Malampaya deal
- Unnamed skeletons? US museum at center of ethical debate
- Sotto files bill to amend party-list system
- Strikes across Gaza Strip kill at least 31 as international scholars accuse Israel of genocide
