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.
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 news data comes from:http://hqmtfx.ycyzqzxyh.com
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- Comelec: Postponed village, youth elections not in 2026 budget
- Napoles guilty in another 'pork barrel' case, sentenced to 55 years in jail
- Australia to tackle deepfake nudes, online stalking
- Discaya companies' licenses revoked for bid-rigging
- Metro Manila, rest of Luzon would be rainy due to ‘habagat’ —Pagasa
- Customs finds only 2 luxury cars at contractor's compound in Pasig
- Marcos to youth: Help in nation-building
- Sri Lanka ex-president Wickremesinghe hospitalized after arrest
- Vico Sotto could challenge VP Sara in 2028 race – survey
- Mandela grandson says he will join Gaza aid boat
