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://nc-fp-es-qh.gyglfs.com
These estimates are based on the 4-day trading of Mean of Platts, Singapore, the pricing basis of refined goods in Southeast Asia.
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.
- Australia's mushroom murderer faces victims' family in court
- Australia government condemns anti-immigration rally in Sydney
- Manila marks National Heroes Day with job fair
- House party leaders want to return proposed 2026 budget to Executive
- Comelec defers BARMM district reconstitution
- Thailand ruling party moves to dissolve parliament
- Metro Manila disaster agencies expand response areas in preparation for 'Big One'
- Comelec to open nearly two-year overseas voter registration for 2028 elections
- Filipino weightlifter Vanessa Sarno banned for 2 years for anti-doping violation
- Australia expels Iran ambassador over antisemitic attacks
