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., This news data comes from:http://ycyzqzxyh.com
Gasoline, diesel prices to increase again next week
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 week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- Marcos wants subpoena power for body investigating flood projects
- Globe partners with unconnected.org to provide remote schools with sustainable internet connectivity
- Palace: Govt monitoring Chinese sleeper agents, PLA presence in PH
- Group: Register for free PhilHealth medicines
- 100K Pakistanis flee amid flood threat
- DPWH Secretary Dizon orders perpetual ban of Wawao Builders, Syms Construction for ghost projects
- India to cut taxes on hundreds of consumer goods to boost local demand following steep US tariffs
- Majority of Filipinos unaware of vote buying in 2025 elections, OCTA survey shows
- Marcos orders lifestyle checks on all government officials amid flood control probe
- ‘40% of Filipinos obese’
