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://xb-mq-dodm-cr.redcanaco.com
Gasoline, diesel prices to increase again next week
- Makati distributes Blu Card cash aid
- Dizon to abolish DPWH internal special investigation team created to look into the flood control anomalies
- HEADLINES: 15 drug war victims cleared to join Duterte's ICC case | Sept. 7, 2025
- Mandela grandson says he will join Gaza aid boat
- LBC Express Holdings top executive to retire in Oct.
- UP journalism professor chides Rep. Gomez over ‘media spin’ claims
- 11 foreigners killed in Portugal funicular crash
- Drug war whistleblower Royina Garma returns to PH after US detention
- Roxas matriarch Judy Araneta-Roxas, 91
- Gasoline, diesel prices to increase by P1 next week
