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.
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://xmo-hyck-awoe-tjvf.yamato-syokunin.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.
Gasoline, diesel prices to increase again next week
- PNP disputes China's crime advisory, says Philippines crime rate dropped
- Senate subpoenas 8 DPWH officials, contractors in flood control probe
- House suspends DPWH budget deliberations pending submission of changes by agency, DBM
- Trump hails Department of War rebrand as 'message of victory'
- Pump prices go up
- DPWH opens foreign-assisted projects to LGUs
- House panel defers 2026 DPWH budget until agency submit changes
- Famed streetcar in Lisbon, Portugal, derails and crashes, killing 15 people
- Thai court to rule on PM's fate after Hun Sen call leak
- LPA may still develop into short-lived tropical cyclone
