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., This news data comes from:http://redcanaco.com
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.
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.
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.
- Pagasa: Rainy Monday over Visayas, Luzon areas due to LPA, 'habagat'
- Comelec probes 15 contractors for illegal campaign donations
- Marcos lauds Filipinos for role in nation building on National Heroes Day
- Iran-backed Houthis raid UN offices in Yemen and detain at least 11 employees
- One in four people lack access to safe drinking water – UN
- House panel defers 2026 DPWH budget until agency submit changes
- CFO office moves from Quezon City to Pasay
- Escudero subpoenaes 10 DPWH contractors for Senate probe next week
- Hopes dim for Putin-Zelenskyy peace summit
- Pakistanis no reprieve from floods yet
