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://cskp-svt-fkaa-ggkr.aichuwei.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
- Government work, classes on Tuesday suspended due to bad weather
- One in four people lack access to safe drinking water – UN
- Duterte defense files more motions challenging ICC prosecutor
- Social pension eyed for indigent seniors
- First millennial saint: Vatican to canonize 'God's Influencer' Carlo Acutis
- Afghan quake death toll surges to over 2,200
- Some areas in Metro Manila, 5 provinces to have power interruptions due to maintenance works
- Taiwan, China locked in historical word war
- France seized by fears of new political crisis
- Mexican boxer Chavez Jr. released from prison pending trial
