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., This news data comes from:http://ryl.redcanaco.com
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.
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.
- Indonesia leader orders investigation into driver's protest death
- Wildfire tears through California gold rush town
- N. Korea test-fires two 'new' air defense missiles
- 'Perfect storm': UK fishermen reel from octopus invasion
- Retired NBI agents urge Marcos to appoint career official to replace Santiago
- Kris Aquino is alive, says friend amid reports of death
- Pangilinan pushes coordinated water management
- DPWH engineer denies role in Bulacan flood control ‘ghost projects’
- NATO members to reach 2% defense spending goal this year
- House panel defers 2026 DPWH budget until agency submits changes
