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.705-888.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.
Gasoline, diesel prices to increase again next week
- Lookout bulletins out vs Atong Ang, Barretto
- Israel expects 1 million Gazans to flee new offensive
- DPWH told to build evacuation centers
- House panel defers 2026 DPWH budget until agency submits changes
- Diokno urges Philippines to rejoin ICC to counter China's aggression
- May 12 poll results accurate, credible - OCTA Research
- Need a pee? Japan has QR code for that
- Surfacing of WPS features ‘likely’ natural occurrence, not due to dumped crushed corals
- 20 people missing after deadly Indonesia protests
- Lacson to give Dizon 'damning' proof vs DPWH 'rotten fruits'
