MANILA, Philippines - Gasoline, diesel prices are expected to increase for the third consecutive week, mostly due to the escalation of attacks between Russia and Ukraine, local oil industry sources said on Friday.
They said that gasoline prices would go up by P1 to P1.20 per liter and diesel by P1.30 to P1.50 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., This news data comes from:http://xs888999.com
Market reactions to recent global oil-related developments, specifically the damage to Russian oil processing facilities by Ukrainian attacks, US imposition of new sanctions on Iran’s oil revenue stream and Saudi Aramco and the halt to exports to India’s refinery by Iraq’s state oil marketer SOMO were cited as the reasons for the new round of increases.
Gasoline, diesel prices to increase by P1 next week
This week, local oil companies implemented increases in gasoline and diesel by P0.70 per liter and P1 per liter respectively.
Gasoline, diesel prices to increase by P1 next week
- Globe: Mobile data helps drive national progress
- Five journalists among 20 killed in Israeli strikes on Gaza hospital
- Escudero subpoenas 5 contractors, 3 DPWH executives to Senate probe
- COA probes Iqbal on spending of P1.7B in one day
- De Lima bucks Lacson's budget 'experiment
- Giovanni Lopez pledges to continue and expand DOTr reforms
- Thai PM Paetongtarn Shinawatra sacked; new turmoil feared
- AFP chief tells troops: Stop Chinese from entering PH ship marooned on WPS territory at all cost
- LPA east of Surigao del Sur may intensify into tropical depression
- Konektadong Pinoy Bill has lapsed into law — Palace
