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.
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://www.erlvyiwan.com
Gasoline, diesel prices to increase again next week
- PH, Australia, Canada hold maritime drills in West Philippine Sea
- Trough of LPA, ‘habagat’ will bring rain showers, thunderstorms across PH
- Putin vows not to back down in Ukraine
- NKorea could produce ten to twenty nukes per year — SKorea leader
- Sotto willing to testify in Senate probe of flood control anomalies if summoned
- North Korea's Kim in China ahead of massive military parade
- 'Ondoy'-level rains swamp Quezon City
- Trump withdraws Kamala Harris's Secret Service protection
- DPWH fires Bulacan engineers, blacklists contractors over anomalous projects
- Escudero urges list of unfundable projects for 2026 budget
