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.
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, This news data comes from:http://www.xs888999.com
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.
- SC clarifies rules on land ownership
- VP Sara lauds Filipino heroes
- Palace rejects China's 'troublemaker' tag
- Marcos urged to raise WPS resolution at UN
- Discayas to file raps vs protesters, will attend Senate hearing — lawyer
- Students, faculty file complaint against Universidad de Manila president
- Discaya says her family owns nine companies
- Tariffs, migration and cartels will top Rubio's talks in Mexico and Ecuador this week
- Supreme Court censures Marikina judge over parking dispute with PAO lawyer
- OVP ready to submit to lifestyle check if ordered, no word from Sara
