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.
Gasoline, diesel prices to increase again next week
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://www.aichuwei.com
Gasoline, diesel prices to increase again next week
- Lacson: House can't return proposed 2026 budget to Palace
- HEADLINES: Lacson: DPWH exec sought ‘insertions’ | Sept. 8, 2025
- Iran says open to US nuclear talks, rejects missile curbs
- Putin tells Xi China-Russia ties are at 'unprecedented level'
- LGBTQ+ Catholics make Holy Year pilgrimage to Rome and celebrate a new sense of acceptance
- No winner in Ultra, Megalotto draws for Sept 5
- Go Negosyo, CFO push migrant empowerment
- Makati earns high rating in anti-trafficking and violence assessment
- HEADLINES: 15 drug war victims cleared to join Duterte's ICC case | Sept. 7, 2025
- Supreme Court urged to act on fake complaints
