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.
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://www.gyglfs.com
- Some areas in Metro Manila, 5 provinces to have power interruptions due to maintenance works
- Pagasa monitors 2 LPAs inside PAR; prevailing 'habagat' brings rain across PH
- Guyana votes amid oil boom, Venezuela tensions
- Sen. Go files bills to push health, social, and labor reforms
- Tariffs, migration and cartels will top Rubio's talks in Mexico and Ecuador this week
- Most Filipinos distrust China, see it as biggest threat — OCTA survey
- Marcos orders 'sweeping review' of DPWH budget under 2026 NEP
- Nartatez vows fair assignments, better resource management as new PNP chief
- Puno seeks probe of anomalous projects ‘funders’
- New judge to handle Dengvaxia cases named; hearing set
