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://www.gangzhifhm.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.
- GoTyme gives customers 20 free InstaPay transfers per month
- House party leaders want to return proposed 2026 budget to Executive
- Xi and Putin reaffirm 'old friend' ties in the face of US challenges
- Marcos orders full budget review for DPWH amid ghost projects scandal
- 'I have no resentment,' says Torre after dismissal as PNP chief
- DSWD's guarantee letters now accepted in more establishments
- House tackles P881B public works budget amid flood control anomalies
- Makati distributes Blu Card cash aid
- COA launches sweeping audit of flood control projects
- One in four people lack access to safe drinking water – UN
