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., This news data comes from:http://aichuwei.com
These estimates are based on the 4-day trading of Mean of Platts, Singapore, the pricing basis of refined goods in Southeast Asia.
Gasoline, diesel prices to increase by P1 next week
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.
- Comelec at 85: Garcia vows reforms to strengthen faith in democracy
- Bonoan resigns, Dizon named DPWH chief
- Marcos says commission on DPWH anomalies to be finalized 'very soon,' mum on Magalong participation
- House holds budget review with 21 civil society organizations
- Putin lands in Tianjin for summit hosted by China
- Lacson seeks probe of 2 PH contractors' board members for conflict of interest
- Australia to tackle deepfake nudes, online stalking
- Red Cross head says mass evacuation of Gaza City 'impossible'
- Trump to blacklist countries for imprisoning Americans
- 'God's Influencer' to become first millennial saint
