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.ycyzqzxyh.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.
- Repairs on Chinese ship in Bajo de Masinloc collision may take 2 months - PH Navy
- ‘New NBI chief must be career official’
- Go seeks more support for Filipino athletes
- Chinese sleeper agents' and PLA operatives a threat, Lacson warns
- Putin tells Xi China-Russia ties are at 'unprecedented level'
- Sara favors punishing officials, lifestyle checks
- 2 policemen placed under preventive custody for allegedly molesting a female colleague in Marikina
- 95 IMAGES OF MARY
- HEADLINES: 15 drug war victims cleared to join Duterte's ICC case | Sept. 7, 2025
- Sen. Go calls for round-the-clock DFA support for OFWs welfare
