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., This news data comes from:http://www.gyglfs.com
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.
- Tourists dice with danger on Hanoi's train street
- Suspect in 2012 killing of Dutch aid worker freed
- Chinese bridge collapse kills at least 12 construction workers
- NKorea accuses South of ‘serious provocation’
- OVP ready to submit to lifestyle check if ordered, no word from Sara
- China displays its weaponry in a tightly controlled military parade
- Surfacing of WPS features ‘likely’ natural occurrence, not due to dumped crushed corals
- Portugal mourns after Lisbon streetcar accident kills 15
- Marcos signs law giving 99-year land lease to foreign investors
- Alex Eala targets US Open Round of 32 in rematch against Spanish rival
