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.
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., This news data comes from:http://ahps-ewgf-wo-fl.052298.com
- Artikulo Onse' group calls for independent panel to probe flood control corruption
- Group: Register for free PhilHealth medicines
- Discaya says her family owns nine companies
- Trump rebrands Department of Defense as 'Department of War'
- Duterte lawyers take aim at ICC prosecutor
- Need a pee? Japan has QR code for that
- Marcos expresses support for ‘beleaguered’ Cabinet members
- PTFOMS and CHR sign agreement to improve Filipino media workers' safety
- DPWH exec asked lawmaker to make budget insertions — Lacson
- Hontiveros urges probe on Chinese faking Filipino identity
