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.
Gasoline, diesel prices to increase again next week
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 news data comes from:http://uuq.gyglfs.com
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.
- Typhoon death toll rises in Vietnam as downed trees hamper rescuers
- A summit and parade in China may signal a geopolitical shift
- Sotto willing to testify in Senate probe of flood control anomalies if summoned
- Marcos opens Hyundai's shipyard in PH
- Palace hits Discayas over ‘misinformation’ on PH film center project
- Philippine experts urge harm reduction strategy for tobacco control
- Earthquake in eastern Afghanistan kills at least 610 people and injures 1,300
- Marcos declares holidays for 2026
- Cyclone's trough, habagat will bring cloudy skies, rain showers over PH
- IBP forms committee on good governance to probe corruption
