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., This news data comes from:http://www.052298.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.
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- Peru’s ex-president Toledo gets a second sentence in the Odebrecht corruption scandal
- International media protest over journalist deaths in Gaza
- Plea written in blood saves Chinese woman trapped in locked room
- Thailand acting PM moves to dissolve parliament — party
- No winner in Ultra, Megalotto draws for Sept 5
- Bolsonaro verdict looms as Brazil coup trial closes
- Puno seeks probe of anomalous projects ‘funders’
- No peace without end to hostilities –Arab bloc
- ‘New NBI chief must be career official’
- Thai opposition holds kingmaking summit deciding new PM
