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.
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.
Gasoline, diesel prices to increase again next week
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 news data comes from:http://so-xcqo-ttsm-bkht.xs888999.com
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- Marcos, first lady visit Cambodia to boost ties
- House holds budget review with 21 civil society organizations
- Marcos declares holidays for 2026
- Actress Angel Aquino victim of 'deepfake,' seeks prosecution of perpetrators of cyber pornography
- Lawmaker linked to anomalous flood control projects in US for medical reasons, says House spokesman
- Rise in HFMD cases due to better reporting, not outbreak
- Pacifist Japan struggles to boost troops as China anxiety grows
- Some areas in Metro Manila, 5 provinces to have power interruptions due to maintenance works
- Marcos wants subpoena power for body investigating flood projects
- CBCP president urges Israel to stop military operations in Gaza
