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://tkmk-bpyb-tt-mihs.jyxingfa.com
- 2028 polls overseas voter registration opens in Dec
- Indonesia, US and allies launch joint military drills
- UP journalism professor chides Rep. Gomez over ‘media spin’ claims
- HEADLINES: DPWH fires Bulacan engineers, blacklists contractors over anomalous projects | Sept. 5, 2025
- Taiwan: China illegally deploying oil rigs in our waters
- House panel defers 2026 DPWH budget until agency submit changes
- A summit and parade in China may signal a geopolitical shift
- Bonoan resigned due to command responsibility — Marcos
- Surfacing of WPS features ‘likely’ natural occurrence, not due to dumped crushed corals
- Support grows for independent probe into flood control projects
