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://www.erlvyiwan.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.
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.
- Prompt release of educational aids sought
- Ukraine eyes defense deal with PH that includes co-production of drones, says envoy
- Ukraine's children start new school year in underground classrooms to avoid Russian bombs
- Fears of new political crisis grip France
- Japan gives Philippine justice system a boost
- Escudero urges list of unfundable projects for 2026 budget
- Filipino member of AHOF K-pop group says Manila concert a dream come true
- Konektadong Pinoy bill lapses into law
- Evicted from their forests, Kenyan hunter-gatherers fight for their rights
- New mining law to balance profit, ecology
