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
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 news data comes from:http://dgkpieqd.aichuwei.com
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- DPWH exec fired, 2 others face dismissal over flood control mess
- SpaceX scrubs latest Starship launch due to bad weather
- DSWD program reduced hunger
- NKorea could produce ten to twenty nukes per year — SKorea leader
- Heavy rain causes flooding, landslides and 8 deaths in Vietnam and Thailand
- SSS hails Marcos, Recto for initiating pension reforms, including one to be rolled out in Sept
- China races to build world’s largest solar farm
- Palace rejects Sara's offer of 'free advice' on flood solutions, says to give it to 'Mayor Baste' instead
- Prime minister of Yemen's Houthi-run government killed in Israeli strike
- House panel defers 2026 DPWH budget until agency submits changes
