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, This news data comes from:http://www.xs888999.com
These estimates are based on the 4-day trading of Mean of Platts, Singapore, the pricing basis of refined goods in Southeast Asia.
Gasoline, diesel prices to increase again next week
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.
- Palace rejects China's 'troublemaker' tag
- Search for survivors after Afghan earthquake kills 800
- PH Army showcases disaster response capabilities before Thai defense officials
- PH to host seafarers’ welfare forum
- HEADLINES: Lacson: DPWH exec sought ‘insertions’ | Sept. 8, 2025
- Zelenskyy seeks talks with Trump and European leaders on slow progress of peace efforts with Russia
- DSWD allocates P6.2B for livelihood program
- ‘Lannie’ to bring rain over NLuzon, southwest monsoon to affect Metro Manila, Calabarzon, Mimaropa —Pagasa
- DPWH Secretary Dizon orders perpetual ban of Wawao Builders, Syms Construction for ghost projects
- DILG suspends classes, gov’t work in 17 areas
