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://www.ycyzqzxyh.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.
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
Gasoline, diesel prices to increase again next week
- Meralco expects drop in power rates this month thanks to stronger peso
- IBP forms committee on good governance to probe corruption
- Trump: Many Americans ‘like a dictator’
- Trough of LPA, ‘habagat’ will bring rain showers, thunderstorms across PH
- COA flags fraud in P342M Bulacan flood control projects
- Sen. Go calls for round-the-clock DFA support for OFWs welfare
- Evicted from their forests, Kenyan hunter-gatherers fight for their rights
- Marcos declares holidays for 2026
- PNP disputes China's crime advisory, says Philippines crime rate dropped
- Cusi charged over Malampaya deal
