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.
Gasoline, diesel prices to increase by P1 next week
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.
This week, local oil companies implemented increases in gasoline and diesel by P0.70 per liter and P1 per liter respectively.
- ALPAS Consultancy bags five awards in Philippine Quill debut
- Some areas in Metro Manila, Bulacan, Quezon to have power interruptions due to maintenance work
- 2028 polls overseas voter registration opens in Dec
- Trump moves to cut more foreign aid, risking shutdown
- Gaza at 'breaking point,' says UN food agency chief after visit
- Villanueva: Regularize contractual govt workers
- No winner in Ultra, Megalotto draws for Sept 5
- NBI slaps Alice Guo, 35 Others with new graft, misconduct cases
- Pagasa monitors LPA off Cavite, may still become tropical depression
- Cooperatives group lauds Konektadong Pinoy Law as milestone in digital inclusion
