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.
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., This news data comes from:http://tavq-ju-rqhi-mhw.yamato-syokunin.com
Gasoline, diesel prices to increase again next week
- DMW: 19 distressed OFWs return home from Jeddah
- ICC clears applications of 15 drug war victims to join proceedings vs Duterte
- Kneecap to play Paris concert in defiance of objections
- Sara mum, but brother thinks Torre removal due to PNP's 'internal conflicts'
- Marcos says commission on DPWH anomalies to be finalized 'very soon,' mum on Magalong participation
- 102-year-old becomes oldest person to summit Mount Fuji
- House panel defers 2026 DPWH budget until agency submit changes
- Xi slams 'bullying' in speech to regional leaders at summit
- Need to pee? Japan has QR code for that
- SC orders comment on petitions vs polls
