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 news data comes from:http://jyxingfa.com
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
- Dizon to abolish DPWH internal special investigation team created to look into the flood control anomalies
- Filipino member of AHOP K-pop group says Manila concert a dream come true
- North Korean leader inspects new missile factory ahead of visit to China
- HEADLINES: DPWH fires Bulacan engineers, blacklists contractors over anomalous projects | Sept. 5, 2025
- Motive probed for US church shooting that killed 2 children, injured 17
- Sri Lanka's jailed ex-president Wickremesinghe granted bail
- Humanoid robots showcase skills at Ancient Olympia. But they're on a long road to catch up to AI
- Thai court dismisses prime minister over compromising phone call with Cambodian leader
- Heavy rains flood parts of Metro Manila anew
- US church shooter 'obsessed with idea of killing children'
