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://705-888.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.
- BIR to audit contractors flagged for ghost flood projects for tax fraud — BIR
- DILG to roll out nationwide unified 911 hotline on Sept. 11
- Thai opposition's kingmaking summit fails to back new PM
- Escudero urges list of unfundable projects for 2026 budget
- Undersea cables cut in the Red Sea, disrupting internet access in Asia and the Mideast
- Trump hails Department of War rebrand as 'message of victory'
- COA launches sweeping audit of flood control projects
- ChatGPT to get parental controls after teen's death
- Sen. Go calls for round-the-clock DFA support for OFWs welfare
- PH eyes global partners in biggest railway project
