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.
Gasoline, diesel prices to increase again next week, This news data comes from:http://erlvyiwan.com
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 week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- Supreme Court: It’s work as usual in judiciary
- NHA gives cash aid to families affected by calamity in Manila
- Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam
- GoTyme gives customers 20 free InstaPay transfers per month
- Pope meets with Chagos refugees and delivers message about rights of the weak against the powerful
- Iran says open to US nuclear talks, rejects missile curbs
- PH has chance of getting UNSC seat - Manalo
- Putin lands in Tianjin for summit hosted by China
- DOST, SM Supermalls partner to empower businesses with sustainable practices
- House panel defers 2026 DPWH budget until agency submit changes
