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.
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., This news data comes from:http://fvql-vy-xas-yru.erlvyiwan.com
- Need a pee? Japan has QR code for that
- Sotto files bill to amend party-list system
- Fears of new political crisis grip France
- Philippines nears universal healthcare, 80% goal achieved -- Marcos
- Strikes across Gaza Strip kill at least 31 as international scholars accuse Israel of genocide
- Two dead as strong earthquake jolts Afghanistan
- No winner in lotto draws for Aug 28
- Read to reduce sentence, Uzbekistan tells prisoners
- Lacson warns lawmakers may be complicit in ghost flood control projects
- Escudero urges list of unfundable projects for 2026 budget
