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.
Gasoline, diesel prices to increase again next week, This news data comes from:http://xs888999.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.
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.
- New DPWH chief Dizon: "A department can't investigate itself"
- Laws signed on holidays, court branches
- Repairs on Chinese ship in Bajo de Masinloc collision may take 2 months - PH Navy
- Comelec delays implementation of decision disqualifying Duterte Youth Party-List
- Gaps in healthcare services remain - study
- LPA trough, 'habagat' to bring rains in parts of Luzon, including Metro Manila
- HEADLINES: DPWH fires Bulacan engineers, blacklists contractors over anomalous projects | Sept. 5, 2025
- US approves .5M in assistance to Nigeria to help address hunger
- NKorea's Kim tells Xi hopes to 'steadily develop' ties – KCNA
- Philippines to work more closely with US amid regional challenges
